Apple plans to buy $ 200 million in assets from Japan Display .. Learn more

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Cairo – By Mohamed Salah – Recent reports revealed that Apple is seeking to buy $ 200 million in assets such as LCD screen equipment from the currently troubled Japan Display Panel. According to the report, Japan Display (JDI) is negotiating with Apple and Sharp to sell the LCD screen factory Affiliate in Hakakan “because of” weak iPhone sales. ”

The sale to Apple and Sharp was reportedly delayed in the wake of the outbreak of the new Corona virus, and the report stated that “JDI decided to sell Apple’s LCD production equipment first to Sharp Real Estate later,” and after the Hakusan plant was unloaded, JDI would focus on The production of LCD screens for smartphones at the Mobara plant in Chiba Prefecture.

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It is worth noting that JDI started its work on April 1, 2012, and as of March 2014, JDI was one of the major screen suppliers for iPhone iPhones from Apple, and was also a major display supplier for Nintendo Switch with Sharp Corporation until 2017.

The newly created entity INCJ, Ltd, has become a major shareholder in Japan Display with 25.29% of total shares since September 21, 2018 as a company as a result of the old institutional division of Japan Innovation Network (INCJ).

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