Qualcomm Inc will invest as much as $120 million in Sharp Corp, a cash injection likely to make it the struggling Japanese TV maker's biggest shareholder, and to boost Sharp's efforts to remain viable.As part of the agreement Qualcomm, through its Pixtronix subsidiary, will work with Sharp - which supplies screens to Apple Inc for its latest iPhone - to develop new power-saving screens based on Sharp's IGZO technology, Sharp said.The two firms will also consider collaborating in the fabrication of chipsets.Sharp's capital and business tie-up with the high-profile U.S. chipmaker may help reassure investors worried about the prospects of the debt-laden company that earlier this year averted failure with a $4.4 billion bank bailout .
Apple Inc. (Apple), along with its subsidiaries, is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. Shares of AAPL remained unchanged at $586.19. In the past year, the shares have traded as low as $377.68 and as high as $705.07. On average, 19951400 shares of AAPL exchange hands on a given day and today's volume is recorded at 0.
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