japan display rescue plan sees near 1b investment go towards making oleds

Japan Display, Apple’s largest LCD supplier, has confirmed that it will accept an investment close to $1B this week, in order to boost its OLED production capacity.

The investment of reported $720M comes from an outside investment group (rumored to be State-backed Chinese Silkroad fund) with a further $270M coming from a refinanced agreement between JDI and the Japanese Government. The announcement caused JDI’s shares to rise over 10%.

Japan Display has thrived over the years as Apple’s main LCD supplier but has recently faced tough times as Apple has moved to OLED and decreased…

Link: https://www.gsmdb.com/gsmarena/japan_display_rescue_plan_sees_near_1b_investment_go_towards_making_oleds-news-36322.php