Apple Will Invest $100 Million In JDI Japan

According to foreign media reports, as one of Apple’s suppliers. Japan’s display panel manufacturer Japan Display Inc (JDI) has been in a huge loss for several years. Its survival situation is full of challenges in the past two years. . However, it has been confirm that the troubled display panel manufacturer will receive a large sum of money this fall. And Apple will also be one of the fund injectors.

Nikkei reported that some of the latest details from Winston Lee, CEO of Suwa Investment Holdings. Hereinafter referred to as “Suwa”, the most notable of which is JDI will be obtained. A total of 80 billion yen in investment. Of which 50 billion yen (about 470 million US dollars) will be in place in October this year. In addition, all of these funds have been secure.

Winston Lee said that “all funds promise by Harvest Technology Investment Management Co., Ltd. have been guarantee”. And several companies and investment funds will participate in the investmenthe remaining 30 billion yen of JDI’s investment of 80 billion yen will be put in place in March next year. Apple is one of the companies that may offer capital to the display panel maker. And Apple is also willing to invest $100 million. The survival of JDI will be of great benefit to Apple. Because JDI is the supplier of Apple iPhone XR and other iPhones with LCD display. In the past two years, JDI has suffered a serious loss. Currently, the company still owes Apple $1.5 billion.

The remaining 30 billion yen of JDI’s investment of 80 billion yen will be put in place in March next year. Apple is one of the companies that may offer capital to the display panel maker. And it is reported that Apple is willing to invest $100 million. The survival of JDI will be of great benefit to Apple. Because JDI is the supplier of Apple iPhone XR and other iPhones with LCD display. In the past two years, JDI has suffered a serious loss. Currently, the company still owes Apple $1.5 billion.

As an Apple supplier, JDI produces LCD display panels for the Apple iPhone XR and some older models. Currently, iPhone XS and iPhone Max have used OLED displays.

JDI has been in a dilemma for the past few years. There are many reasons for this, but not keeping up with the pace of technological advancement in the industry may be one of the most important reasons. The Japanese display panel maker has realized that the smartphone display is shifting from LCD to OLED. And it has failed to invest in this next-generation technology as early as possible, thus missing a lot of orders. The company lost $260 million in 2017 and lost $2.3 billion last year.

Also Read: iPhone 11 Will Be Available With A USB-C Charging

Leave a Reply