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Sharp's Financial Woes Continue As It Misses Deadline For $120M Qualcomm Investment

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http://techcrunch.com – In another setback for the Japanese electronics giant, Sharp said it will miss a March 29 deadline for the second half of a $120 million investment from Qualcomm after failing to complete a plan to begin fabricating power-saving screens. Though jointly-developed by the two companies, the screens are based on IGZO technology developed by Sharp, Japan’s leading LCD maker. Qualcomm paid half of the $120 million back in early December, when it acquired a stake in Sharp one month after the Japanese electronics company issued a warning about its ability to keep operating. At the time, Qualcomm (IT news)