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. More at: 9to5mac.com o~~~ O |