“Japan Display Inc said on Friday that it would build a new $1.4 billion liquid crystal display (LCD) manufacturing plant, which a source said would supply smartphone screens for Apple Inc.,” Ritsuko Ando and Reiji Murai report for Reuters.

“The company did not name Apple, in line with its policy of not identifying clients,” Ando and Murai report. “A person familiar with the matter said Apple would also invest an unspecified amount in the plant, which would further the Japanese screen maker’s aim of becoming the primary supplier of high-tech screens for iPhones.”

Ando and Murai report, “Japan Display said it aims to start operations at the plant in 2016 and expects the move to increase its LCD capacity by 20 percent.”

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MacDailyNews Take: Anything with the potential to hurt Samsung sounds great!