Japan Display Inc said it aims to clinch a deal this month for least 50...
Japan Display's logo is seen at a display of its products at its headquarters in Tokyo, Japan October 7, 2019. REUTERS/Kim Kyung-Hoon
Japan Display has said a major client, which sources with direct knowledge of the talks have said is Apple, intends to invest $200 million, double the amount it previously planned. Hong Kong-based Oasis Management will also contribute $150-180 million. A Japan Display supplier and other funds are also set take part.
Kikuoka, who took the helm in September, said LCD screens are drawing renewed market interest, pointing to solid demand for affordable smartphones with low-cost displays. Kikuoka said the company has started producing OLED screens. Sources have said Japan Display will produce OLED screens for the Apple Watch this year.
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