Japan Display was supposed to get a $2.1 bailout deal led by Taiwan's TPK and the Harvest Group. TPK was supposed to invest $230 million, but the display maker announced that it decided not to invest in Japan Display after all. JDI also says that it has not yet received a positive commitment from other potential investors.
JDI did disclose that it approached Apple for help (JDI is a major LCD supplier to Apple) and Apple is considering to waive its debt, guarantee display orders and also invest around $185 million directly in JDI.
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 and has seen its LCD sales plummet.
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Posted: Jun 19,2019 by Ron Mertens
