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Politics : Formerly About Apple, Inc. Unmoderated
AAPL 107.03-4.3%Sep 23 3:59 PM EDT

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From: lucky_limey6/17/2019 1:54:29 PM
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Why did Apple invest billions in an LCD plant when the entire industry, including AAPL was moving off LCD to OLED?

Japan Display, in need of funds, says Taiwan's TPK decided not to invest

JUNE 16, 2019 / 8:10 PM / UPDATED 12 HOURS AGO

TOKYO (Reuters) - Japan Display Inc on Monday said it has received notice from
TPK Holding Co Ltd that the Taiwanese screen maker has decided not to invest a
proposed $230 million, muddying the outlook for the Apple Inc supplier.

More at:

Apple agrees to wait for c.$1.5B owed by Japan Display, to assist bailout
Ben Lovejoy - May. 30th 2019 5:47 am PT

Apple has agreed to wait for money owed to it by Japan Display in order to assist
the bailout of the troubled display-maker …

Reuters doesn’t go into details on the money owed to Apple, but it likely relates to
the Cupertino company paying most of the upfront costs of a new LCD factory built
specifically for iPhone production back in 2015.

It was reported back in March that Apple paid most of the $1.5B cost of the facility,
with an agreement that it would be repaid as a percentage of each screen sold.
However, little was repaid due to falling demand for LCD panels as smartphone
makers switched to OLED.
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