Japan Display to receive $100M rescue funds from Apple


Apple supplier Japan Display Inc. will be receiving $100M from Apple as part of its rescue funding program.

Japan Display Inc.

JDI has experienced hardship over the last few years. As reported by Nikkei, the company initially expected a $737 million lifeline for its LED operation, but a third of the investors pulled out in June. Suwa Investment Holdings CEO Winston Lee will be restoring majority of the funding with $470 million in October with the announcement that funding is already secured.

Apple has a vested interest due to the fact that Japan Display is its supplier of LCD displays on the iPhone XR and others. Plus, JDI owes Apple $1.5B, so the move is considered sound.

The Japanese screen-maker realized that the smartphone industry was quickly moving from LCD to LED and OLED screens. Just last year, Japan Display lost $2.3 billion, and subsequently lost $260 million in 2017.


Samantha Wiley

Samantha is a senior news editor at iLounge. She has been covering the technology industry for over five years, writing about Apple, Google, and other major companies. Samantha has also worked as a reporter and editor for several other publications.