Minoru Kikuoka, chief executive of Japan Display, told Reuters: "We are close to getting 50 billion yen ($470 million) and I believe we can close the deal this month." Japan Display says a big customer intends to invest $200 million, twice the company's previous plan. According to the source, the main customer isappleCompany. According to reports, Hongkong oasis management company will reinvest 1.5 to 180 million dollars. The remaining $190 million to $120 million is believed to be needed for the new bailout, from another Japanese Display supplier and other unspecified sources.
Japan Display is a long-term supplier of Apple and is currently in productionIPhoneThe LCD screen used in 11. It has not yet produced the ones used in iPhone 11 Pro and iPhone 11 Pro MaxOLEDThe display has not yet planned to migrate to new technology. Japan Display does not intend to invest in OLED capital, which will require the transformation of an idle LCD plant, which costs at least$1.9 billion.
However, Japan Display said orders for LCD screens grew more than expected. The dramatic increase in orders is thought to come from Apple, which is reportedly increasing its orders for the iPhone 11.