Samsung is investing $112 million for a 3% stake in struggling Japanese electronics maker Sharp -- a key supplier to rival Apple.
The South Korea company will purchase nearly 36 million shares at a price of about $3.11 in a move aimed to strengthen the two companies' relationship, Sharp said. The deal is expected to be completed by March 28.
Sharp said in a statement Wednesday the investment would help provide Samsung with a "stable and reliable supply of LCD panels."
The deal could also give Samsung access to Sharp's screen technology as its competition with rival Apple intensifies.