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Qualcomm needs to tread carefully with Sharp venture

Sit in the corner looking miserable for long enough and someone will eventually ask you to dance. That is what Qualcomm is doing for Sharp. The U.S. maker of chips for mobile phones said on Tuesday that it would invest up to ¥10-billion ($120-million) in the struggling Japanese electronics maker. That would give Qualcomm a 5-per-cent equity stake in Sharp and represent a vote of confidence in the future of a company that did not appear to have one.