Last month, we told you that a bailout of Apple LCD supplier Japan Display was running into some trouble. The company, which produces the Liquid Retina display for the iPhone XR and LCD panels for older models, depends on Apple for 60.6% of its business. Because it was late to enter the OLED market, the company has been bleeding red ink. A Chinese state-run fund and a display producer in Taiwan were ready to inject cash into the company for nearly half of its equity. But that deal has been revised partially due to Japan Display's worsening financial condition.
Today, ...
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