In August 2017, Japan Display announced a last-resort strategic focus on OLED displays as the Japanese display maker failed to shift to OLED displays in time. Since then JDI was busy trying to raise the funds needed to construct a large-scale OLED fab, raising $430 million from Oasis Management group and one of its customers (likely to be Apple).
As was discussed earlier, JDI now confirmed that Ichigo Asset Management will invest up to 100.8 billion yen (around $925 million) in JDI, and secure a stake of over 50% in JDI.
In October 2019 Japan Display announced it has started to produce OLED displays - likely indeed this is low volume production for Apple's wearables. Apple's Watch Series 5 (its latest generation) features a 324x394 1000-nits always-on LTPO AMOLED display (368x448 on the 44m model). Apple is currently buying these OLED displays exclusively from LGD.
