Breaking News

Western Digital Accelerates Storage Innovation for AI Era Leica LUX Case for the iPhone 17 Pro/Pro Max ASUS Announces ROG Strix Aiolos Viltrox Launches AF 16mm F1.8 L for Full Frame Casio to Release G-SHOCK with Minimalist Metal Design and Even Better Fit

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

Western Digital Accelerates Storage Innovation for AI Era
Enterprise & IT

Western Digital Accelerates Storage Innovation for AI Era

Leica LUX Case for the iPhone 17 Pro/Pro Max
Cameras

Leica LUX Case for the iPhone 17 Pro/Pro Max

ASUS Announces ROG Strix Aiolos
PC components

ASUS Announces ROG Strix Aiolos

Viltrox Launches AF 16mm F1.8 L for Full Frame
Cameras

Viltrox Launches AF 16mm F1.8 L for Full Frame

Casio to Release G-SHOCK with Minimalist Metal Design and Even Better Fit
Consumer Electronics

Casio to Release G-SHOCK with Minimalist Metal Design and Even Better Fit

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