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Apple doubling bailout funds for iPhone screen supplier Japan Display

October 7, 2019

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Following several years of financial issues, culminating most recently in a bailout investor cancelling their commitment, Japan Display claims it is on the verge of a new deal. The iPhone screen manufacturer had previously been expecting a bailout worth 80 billion yen, or approximately $750 million, but is now saying it will continue on a smaller sum.

“We are close to 50 billion [yen, approximately $470 million],” Japan Display’s CEO Minoru Kikuoka told Reuters, “And I believe we can cement the deal this month.”

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