SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday it will invest 10.4 billion yen ($111.5 million) in Sharp Corp. to secure a supply of large-size LCD panels.

The agreement gives Samsung a 3 percent stake in Osaka-based Sharp and a supply of large-size LCD panels for televisions. Samsung said in a statement that the investment will help strengthen Sharp’s LCD panel business. The South Korean company known for its Galaxy smartphones and tablets said it will not be involved in Sharp’s management.

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