The shift from LCD to OLED would have a great impact on Apple suppliers like Japan Display, which is already suffering from supply cuts from Apple, the Journal reported. Japan Display, which supplies LCD displays for Apple, is in advanced talks with an investor group from Taiwan and China to bail it out with a potential investment of the equivalent of $550 million with a 30 percent stake in the company, the report says. The deal could give Taiwan’s TPK Holdings and Chinese state-owned Silk Road Fund even more control of the company later on, the Journal reported.
Japan Display has sought bailouts in the past as the industry has begun to shift to OLED displays. In 2016, Japan Display sought a bailout equal to about $703 million from a fund backed by the Japanese government as Samsung increasingly used OLED displays in its designs, the Journal reported at the time.
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