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/ Japan Display rescue plan confirmed: close to $1B for making OLEDs
Japan Display rescue plan confirmed: close to $1B for 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...
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