“The plan under discussion calls for Japan Display to receive new financing from Innovation Network Corp. of Japan, the government-backed fund that holds 36% of the display maker, the people said,” Mochizuki and Fukase report. “Japan Display, the nation’s flagship panel provider and a supplier for Apple’s iPhones, has seen its core business slump due to intense price pressure and competition from an alternative display technology—organic light-emitting diode, or OLED, displays — championed by South Korea’s Samsung Electronics Co.”
Mochizuki and Fukase report, “Japan Display wants to improve its liquid-crystal display technology to compete against OLED displays while trying to set up its own manufacturing lines for mass-producing OLED panels.”
Read more in the full article here.
MacDailyNews Take: Another potential OLED supplier – eventually – for Apple’s future generation iPhones, Apple Watches, and other devices is a very good thing for Apple while also pressuring Samsung – which is another very good thing!
Japan Display, an Apple iPhone supplier, seeks financial help from Japanese government – August 9, 2016
Japan Display CEO hints at strong Apple orders ahead of new iPhone launch – September 3, 2015
Japan Display and Apple to build new $1.4 billion plant for iPhone Retina displays – March 6, 2015
Japan Display’s reliance on iPhone orders rises – June 24, 2014
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]