|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: reuters.com
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.