Japan Display says has not received notice about Chinese investment
TOKYO: Apple Inc supplier Japan Display Inc on Friday said it had not received notice from a Chinese-Taiwanese consortium about a potential 80 billion yen (US$740 million) investment, raising the possibility of a critical delay in much-needed cash.
A further delay of a cash injection could raise questions about the survival of the ailing smartphone screen maker, which has been hit by Apple’s slowing iPhone sales and a late shift to organic light-emitting diode (OLED) screens.
(US$1 = 108.1700 yen)
(Reporting by Makiko Yamazaki; Editing by David Dolan)