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Apple’s iPhone screen supplier Japan Display’s $729M bailout delayed

May 13, 2019

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Japan Display has struggled in recent years due to a reduction in shipments to Apple for use in iPhones, as well as a need to shift its production over to OLED displays instead of LCD panels. To perform the change, Japan Display needed an influx of cash, and agreed to a $2.1 billion bailout in April from an investment group.

According to Reuters, the group was going to provide the first significant investment in the company once it had formalized investment decisions by mid-June, but has since changed its mind.

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