{"id":95834,"date":"2019-06-29T02:32:27","date_gmt":"2019-06-29T02:32:27","guid":{"rendered":"https:\/\/appleinsider.com\/articles\/19\/06\/28\/japan-display-confirms-100m-infusion-from-customer-thought-to-be-apple"},"modified":"2019-06-29T02:32:27","modified_gmt":"2019-06-29T02:32:27","slug":"japan-display-confirms-100m-infusion-from-customer-thought-to-be-apple","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2019\/06\/29\/japan-display-confirms-100m-infusion-from-customer-thought-to-be-apple\/","title":{"rendered":"Japan Display confirms $100M infusion from customer thought to be Apple"},"content":{"rendered":"<p><!-- font size selector, BEGIN --> <span class=\"cfix\">&nbsp;<\/span> <\/p>\n<p class=\"gray small byline\"> By <a href=\"https:\/\/appleinsider.com\/cdn-cgi\/l\/email-protection#523c372521123322223e373b3c213b3637207c313d3f\">AppleInsider Staff <\/a> <br \/><span class=\"gray\">Friday, June 28, 2019, 07:32 pm PT (10:32 pm ET)<\/span> <\/p>\n<p> <span><span class=\"article-leader\">Embattled smartphone screen manufacturer Japan Display Inc. on Friday said a consortium led by China&#8217;s Harvest Group is on board to invest up to 80 billion yen ($743 million) on a bailout, $100 million of which will reportedly come from Apple. <br \/><\/span><\/p>\n<div align=\"center\">\n<div class=\"article-img\"><img decoding=\"async\" src=\"http:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2019\/06\/japan-display-confirms-100m-infusion-from-customer-thought-to-be-apple.jpg\" alt height=\"433\" class=\"lazy\" data-original=\"http:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2019\/06\/japan-display-confirms-100m-infusion-from-customer-thought-to-be-apple-1.jpg\"><img decoding=\"async\" src=\"http:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2019\/06\/japan-display-confirms-100m-infusion-from-customer-thought-to-be-apple-1.jpg\"><\/div>\n<p><span class=\"minor2 small gray\">Apple&#8217;s iPhone XR is expected to be one of the last to use LCD technology.<\/span><\/div>\n<p>Apple&#8217;s cut of the investment <a href=\"https:\/\/www.reuters.com\/article\/us-japan-display-funding-apple\/japan-display-to-receive-100-million-investment-from-apple-as-part-of-bailout-deal-idUSKCN1TS0CH\">is included<\/a> in Harvest&#8217;s nearly $500 million outlay to keep Japan Display afloat, reports <em>Reuters<\/em>, citing a source familiar with the negotiations. Japan Display confirmed the deal, including a $100 million investment from an unnamed customer, in a statement. <\/p>\n<p>Alongside Harvest, Hong Kong-based Oasis Management is slated to kick in another $150 million to $180 million, Japan Display said in a separate statement. That investment comes with stipulations, including a provision that a &#8220;main customer&#8221; not scale back promised orders. <\/p>\n<p>Japan Display is seeking around $743 million in total, and is currently in talks to reel in more investors. <\/p>\n<p>Today&#8217;s confirmation arrives just <a href=\"https:\/\/appleinsider.com\/articles\/19\/06\/26\/apple-to-reportedly-invest-100m-in-struggling-supplier-japan-display\">two days after<\/a> reports claimed Apple had decided to join the bailout deal. <\/p>\n<p>Apple initially planned to make its investment through Taiwan-based electronics manufacturer TPK Holding, but the firm walked away from the negotiating table earlier in June, taking with it $230 million.<\/p>\n<p>JDI supplies Apple with LCD displays for iPhone, with the tech giant accounting for some 60% of its sales. While the company invested heavily in LCD production, it largely ignored a wider industry trend toward OLED panels and is now playing catch-up with Korean conglomerates. <\/p>\n<p>Along with the reported $100 million investment, debt relief measures and increase in orders, Apple has inked a deal with JDI <a href=\"https:\/\/appleinsider.com\/articles\/19\/04\/03\/japan-display-to-supply-oled-screens-for-next-apple-watch-report-says\">for Apple Watch OLED panels<\/a>. <\/p>\n<p><\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; By AppleInsider Staff Friday, June 28, 2019, 07:32 pm PT (10:32 pm ET) Embattled smartphone screen manufacturer Japan Display Inc. on Friday said a consortium led by China&#8217;s Harvest Group is on board to invest up to 80 billion yen ($743 million) on a bailout, $100 million of which will reportedly come from Apple. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":95835,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-95834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-insider"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/95834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=95834"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/95834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/95835"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=95834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=95834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=95834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}