Japan Display (JDI) won’t receive the $230 million funding from Taiwanese TPK Holding, report indicates


Japan Display (JDI) is reportedly getting some upwards of $700 million from both the Chinese Silk Road Fund and the Taiwanese TPK Holding for its OLED production line. However, a new report from Reuters claims that the $230 million of that sum that was reportedly coming from TPK Holding won’t come anymore.

The blow comes just as JDI was on the verge of losing its number two spot globally. The Japanese Display supplier still is Apple’s main supplier of LCD panels, but its late entry on OLED market almost put the company out of business as Apple devices started to leave the LCD scene in favor of OLED screens. On the next year, all the iPhones will ship with OLED screens.

Gizchina News of the week


JDI

The low sales of iPhone devices also caused a great impact on JDI’s business. The company planned to raise 80 billion yen ($740 million) from the Chinese-Taiwanese consortium involving TPK. On Monday, it also said it had not yet received any notice from consortium members Cosgrove Global Ltd and Topnotch Corporate Ltd, from which it was expecting a combined $130 million.

Now JDI’s hope rests in a new deal that is surfacing in the horizon. The Oasis Management Company and Harvest Group, are reportedly interested in investing $150 million in JDI. The two firms will announce their final decision by June 27. JDI panels are really good, but with the advent and demand for OLED screens, the company lost space.

We just hope that the reputed display supplier manages to get out of this uncertain future and successfully adapts to the new market demands. After all, more competition only brings benefits to customers.

Disclaimer: We may be compensated by some of the companies whose products we talk about, but our articles and reviews are always our honest opinions. For more details, you can check out our editorial guidelines and learn about how we use affiliate links.

Source/VIA :
Previous Analyst: 2020 iPhones to boast 5G network and OLED screens; coming in three screen sizes
Next Nubia Red Magic 3 will be available for purchase in India on June 27

1 Comment

  1. Cyril Dieudonne
    June 18, 2019

    more competition doesn’t only bring benefits to customers. That’s a very old and very boring sentence, with shitloads of counter examples