In order to increase OLED screen production capacity, Apple screen suppliers accept 1 billion capital injection
JDI (Japan Display), Apple's largest LCD supplier, today confirmed that it will receive nearly $1 billion in investment this week to increase its OLED capacity.
According to reports, the $720 million investment came from an external investment group (which is rumored to be the China Silk Road Fund), and another $270 million came from the refinancing agreement between JDI and the Japanese government. After the announcement, JDI shares rose more than 10%.
JDI has been very moisturized by Apple's orders for many years, but the company has recently faced a difficult period as Apple has turned to OLEDs and reduced LCD orders. It is expected that Apple will completely abandon the LCD display in 2019 or 2020, which may cause JDI to close down without large-scale production of OLED.
According to reports, Apple is negotiating with BOE to add a third supply partner to its OLED panel. At present, Apple's OLED screen order is divided by Samsung and LG.
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