Sharp has said it will not receive the second part of a $120 million investment from Qualcomm before a March 29 deadline, since it failed to complete a plan to start fabricating screens based on Sharp’s IGZO technology, according to a new report. Qualcomm only agreed to pay the remainder of the money if Sharp met certain production preparations and financial conditions.
As a consequence of the delay, Apple’s ability to start using the thin, power-efficient IGZO panels in its next-generation devices—a plan that has been reported for some time—now seems less likely, at least for the immediate future. “The financial targets are not the reason for the delay,” Sharp spokeswoman Miyuki Nakayama said.
The companies will now try to meet a June 30 deadline for production of the new screens, which might then become available in late 2013 products. [via Reuters]