Breaking News

Prograde Digital Announces Pro Card Caddy COLORFUL GeForce Graphics Cards Harness NVIDIA DLSS 4.5 Cutting-Edge Gaming Technology GIGABYTE Announces World's First DDR5-7200 at Full 256GB with CQDIMM at CES 2026 GameSir at CES 2026 Asus at CES 2026

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Japan Display Finalises Deal to Raise $200 Million, Possibly From Apple

Japan Display Finalises Deal to Raise $200 Million, Possibly From Apple

Enterprise & IT Mar 31,2020 0

Japan Display said on Tuesday it has finalised a deal to raise $200 million from “an overseas customer,” which sources have said is Apple.

The $200 fund will come in the form of the customer purchasing equipment at Japan Display’s main smartphone screen factory in central Japan, the company said in a statement.

Japan Display owed Apple more than $800 million as of last year for the $1.5 billion cost of building the plant.

The struggling display maker had been talks with the U.S. tech giant and Sharp Corp. to sell facilities of its plant in Hakusan, Ishikawa Prefecture, to generate cash as part of restructuring measures. The plant had been one of the major factories to produce liquid crystal display panels for Apple's iPhones since the plant opened at the end of 2016. But its operations halted last July after orders from Apple dropped.

The U.S. company provided most of the plant's construction costs totaling 170 billion yen. Japan Display will use the $200 million to pay back part of 87.9 billion yen ($1.6 billion) it still owed Apple as of the end of February.

The ailing panel maker will continue negotiations to sell the remaining facilities of the plant to Sharp, according to sources.

Tags: Japan Display
Previous Post
LITE-ON Technology Delays Transfer of Its Solid State Drives Business to Kioxia
Next Post
D-Wave Provides Free Quantum Cloud Access for Global Response to COVID-19

Related Posts

  • JDI Starts Mass Production of 1058 ppi High-Definition VR LCD

  • Japan Display Gets $920m Bailout from Ichigo

  • Japan Display Could Sell Display Factory to Apple, Sharp

  • Japan Display Agrees for $736 Million Bailout

  • Japan Display to Showcase 12.3-inch Transparent LCD Display at FINTECH JAPAN 2019

  • Japan Display Employee Stole 578 Million Yen

  • Japan Display Reports Quarterly Net Loss

  • Apple to Help Japan Display With Early Payment

Latest News

Prograde Digital Announces Pro Card Caddy
Cameras

Prograde Digital Announces Pro Card Caddy

COLORFUL GeForce Graphics Cards Harness NVIDIA DLSS 4.5 Cutting-Edge Gaming Technology
GPUs

COLORFUL GeForce Graphics Cards Harness NVIDIA DLSS 4.5 Cutting-Edge Gaming Technology

GIGABYTE Announces World's First DDR5-7200 at Full 256GB with CQDIMM at CES 2026
PC components

GIGABYTE Announces World's First DDR5-7200 at Full 256GB with CQDIMM at CES 2026

GameSir at CES 2026
Gaming

GameSir at CES 2026

Asus at CES 2026
Enterprise & IT

Asus at CES 2026

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed