Apple's LCD supplier bailed out by Chinese and Taiwanese investors

[GSMArena]

JDI or Japan Display Inc. was one of the big players in LCD manufacturing but is now struggling to stay afloat despite being Apple's main supplier for LCD panels. Reportedly, the company is going to be saved by Chinese and Taiwanese investors. According to inside sources, the investment is going to be around $723 million and will come from Chinese state-backed Silk Road Fund and the Taiwanese panel maker TPK Holding Co. This will account for around 30-50% shares in JDI. The main reason for the company's financial problems is the slow transition to OLED production. The market is now...

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