Japan Display to extend Ishikawa plant closure on soft iPhone sales as it mulls next-gen OLED plan
Japan Display Inc. said Friday it will extend the closure of its plant in Ishikawa Prefecture due partly to Apple Inc.'s weak iPhone sales as it considers a plan to make new organic light-emitting diode displays there instead. The struggling panel maker said in June ...
Japan Display might crank out next-gen OLEDs at Ishikawa plant, Lee says
Japan Display Inc. is exploring the idea of mass producing next-generation organic electroluminescent panels for smartphones at a domestic plant, the CEO of a China-Hong Kong consortium bailing out the troubled Apple Inc. supplier says. Winston Lee, CEO of Suwa Investment Holdings LLC, said making ...
Chinese manufacturers eager to ink OLED panel tie-up with struggling Japan Display
Several Chinese manufacturers are interested in tying up with Japan Display Inc. to mass produce next-generation OLED panels for smartphones, a consortium that has agreed to bail out the troubled Apple Inc. supplier says. "As an independent Japanese company with a recognized leading technology, you ...
Japan Display Inc. said Friday it had developed a negative net worth following a group net loss of ¥83.27 billion ($786 million) for the April-June quarter due to restructuring costs and falling demand for smartphone displays. The company also posted an operating loss of ¥27.48 ...
Three main credit banks for Japan Display Inc. are poised to continue supporting the struggling maker of small and midsize liquid crystal display panels, it was learned Monday. Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank Ltd. will extend their commitment ...
Hong Kong fund to provide up to $180 million in aid to struggling Japan Display
Japan Display Inc. said Friday it will receive around $150 million to $180 million in financial aid from a Hong Kong-based fund as it scrambles to secure funds under its bailout plan. Oasis Management Co. will provide the aid unless “a major client” stops purchasing ...
Sharp to consider investing in Japan Display if asked, CEO says
Sharp Corp. CEO and Chairman Tai Jeng-wu said Tuesday his company will consider investing in Japan Display Inc. if the struggling display maker asks for financial aid. Tai made the remark at Sharp's business strategies briefing held after the company's annual shareholders meeting in Sakai, ...
Taiwanese fund drops out of bailout consortium for Japan Display
Japan Display Inc. said Tuesday that a Taiwanese private equity fund has dropped out of a bailout consortium, further clouding the outlook for the struggling panel-maker. The exit by CGL Group follows the departure of Taiwan's TPK Holding Co. last week from the consortium that ...
Chinese fund Harvest Tech to raise investment in Japan Display to ¥64 billion
Japan Display Inc. said Wednesday that Chinese investment fund Harvest Tech Investment Management Co. will increase its investment in the ailing Japanese company to a maximum of ¥64 billion. JDI reached a basic agreement in April to receive up to ¥80 billion in financial support ...
Apple is considering providing aid to struggling Japan Display, WSJ reports
Apple Inc. has shown a willingness to help its cash-strapped supplier Japan Display Inc., The Wall Street Journal reported Tuesday. While Apple has agreed to loosen the repayment terms for its loans extended to Japan Display, the U.S. tech giant may also consider waiving some ...
China's Harvest Tech investment fund postpones decision on ¥80 billion package for Japan Display
The move by the fund, part of a consortium, means Japan Display failed to formally secure needed funding ahead of its annual shareholders’ general meeting Tuesday.
Company in China-Taiwan group forgoes assistance to Japan Display, leaving bailout up in the air
A Taiwanese company that is part of a consortium planning to offer bailout funds to struggling Japan Display Inc. has decided to forgo providing the funds, sources said Saturday. The move deepens uncertainty over whether the maker of smartphone screens and Apple Inc. supplier can ...
