Apple supplier Japan Display finalizes deal to raise $200 million from Apple

Japan Display said on Tuesday it has finalized a deal to raise $200 million from “an overseas customer,” which sources have told Reuters and other media outlets is Apple.


The $200 [million] fund will come in the form of the customer purchasing equipment at Japan Display’s main smartphone screen factory in central Japan.

MacDailyNews Take: As of last year, Japan Display owed Apple more than $800 million for Japan Display’s $1.5 billion factory, $200 million deal would go towards repayment.

Whatever it takes to get some competition into OLEDs and drive down prices.

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