Japan Display tries to catch up on OLEDs, receives $700 million bailout from China

February 15, 2019 //By Julien Happich
Japan Display tries to catch up on OLEDs, receives $700 million bailout from China
According to a news report from the Kyodo news agency, Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and Taiwanese investors.

The investors could include China’s state-backed Silk Road Fund and Taiwanese panel maker TPK Holding Co and could take a stake of 30-50 percent in Japan Display, according to the Japanese news agency. Japan Display failed to anticipate the fast adoption of OLEDs in smartphones and suffered from Chinese competition. The new investment could help the company transition from LCDs to OLEDs.


Vous êtes certain ?

Si vous désactivez les cookies, vous ne pouvez plus naviguer sur le site.

Vous allez être rediriger vers Google.