Samsung is to buy 3% of Sharp for $110m. Key to the deal is Samsung agreeing that it will have 'no involvement in Sharp's business development in any way or form.'
It is thought that a potential deal with Foxconn foundered when the Chinese company asked for a seat on the Sharp board in return for buying 10% of Sharp for $800m.
Late last year, Qualcomm agreed to invest $120m in Sharp in return for a 2.64% stake in Sharp and a co-development agreement on Sharp's IGZO LCD technology.
Intel is also said to have looked at investing around $375m in Sharp but the deal never materialised.
Sharp forecasts a loss of around $4.3bn for the financial year to March 31st 2013 which has meant its credit rating is junk which stops it raising money from the markets. Hence the deals with industrial partners.
The investors covet Sharp's LCD technology which has, for many years, been the best in the world.
