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Qualcomm inked a deal with Sharp earlier this week that says they’ll own as much as 5% of the company if the Japanese display maker can get back to good health. According to Retuers, Hon Hai, better known as Foxconn, is still interested in investing in Sharp, despite the fact that Foxconn signed a deal with the American chip designer.

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Qualcomm, the chip designer, has allegedly agreed to purchase 5 billion Japanese yen worth of Sharp stock. That’s roughly $61 million or about 2.6% of the company. Now we know what you’re thinking, why is Qualcomm getting in the screen business? They’re actually not, they just want to make sure that Sharp stays afloat.

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When it comes to displays, there are only four companies you should care about: Sharp, Samsung, LG, and Japan Display Incorporated. The last one, known as JDI for short, is actually a joint venture made up of Sony, Hitachi, and Toshiba. These four companies each have their own distint innovations. Samsung for example, they’re known for AMOLED. JDI, they’re making ultra high resolution LCD panels. LG is seen as being one of Apple’s largest supplier. And then there’s Sharp.

Sharp Aquos Pad

After unveiling the world’s first ever smartphone sporting an IGZO panel last week, Sharp continues its mission to make the new technology popular by introducing the first tablet with such a display. The Aquos Pad SHT21 is the name of the 7-inch tab scheduled to get a Japanese launch on KDDI sometime in mid-December, and, while it will probably never get out of Asia, we can’t stop drooling over it.