March 31, 2019
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…
