The Japanese display will receive an investment of $ 990 million for the production of OLED displays

The Japanese display will receive an investment of $ 990 million for the production of OLED displays

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The Japanese display (JDI) is one of the largest LCD display manufacturers in the world and the leading provider of Apple smartphone components. The expected transition to OLED technology, however, raises serious questions about the future of jDI in the industry.

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Apple’s desire to stop using screens threatens to seriously jeopardize the business of the Japanese manufacturer. The solution is to accelerate the production of OLED displays from JDI.

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That’s why the company plans to attract financial investments of $ 990 million, Reuters reported. Spreading news on the Internet has caused an increase in JDI’s stock of 10% on stock exchanges.

The company plans to receive $ 720 million from an investment group led by Silkroad Investment Capital. The remainder of the JDI rescue plan is expected to be secured by an agreement with the Japanese government.

If the company does not start producing OLED displays, it risks being disconnected from Apple’s supply chain, which will have a very negative impact on their revenue.

An upcoming investment could turn JDI into one of the major hardware partners in creating new versions of the iPhone and consolidating their position in the industry. It is expected within a few days to find more details on the rescue plan, which should include JDI in the leading OLED display manufacturer.

The Japanese display will receive an investment of $ 990 million for the production of OLED displays

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