Japan Display says has not received notice about Chinese investment

News June 14, 2019 1 Comment

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.

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(US$1 = 108.1700 yen)

(Reporting by Makiko Yamazaki; Editing by David Dolan)

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