Samsung (005930) is reportedly set to buy a 3% stake in struggling panel maker Sharp Corporation for approximately $110 million. The deal will ensure Samsung sees “a smooth supply of large-sized TV panels and help bolster the Japanese company’s chances of survival,” Reuters reported on Wednesday. “Rather than the amount of investment, it is the partnership with Samsung that Sharp gains that is important,” noted Tetsuro Ii, CEO of investment firm Commons AM. “Sharp gains an opportunity to use the Samsung platform.” Sharp also builds display panels used in Apple’s (AAPL) iPad, and it is reportedly developing larger displays to be used in Apple’s much rumored HDTV that is currently in development.

Zach Epstein has worked in and around ICT for more than a decade, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.