Renewable Energy

Japan Display says has not received notice about Chinese investment

Apple Inc supplier Japan Display Inc on Friday said it had not received notice from a Chinese-Taiwanese consortium about a potential 80 billion yen ($740 million) investment, raising the possibility of a critical delay in much-needed cash.

TOKYO, June 14 (Reuters) - Apple Inc supplier Japan Display Inc 6740.T on Friday said it had not received notice from a Chinese-Taiwanese consortium about a potential 80 billion yen ($740 million) investment, raising the possibility of a critical delay in much-needed cash.

A further delay of a cash injection could raise questions about the survival of the ailing smartphone screen maker, which has been hit by Apple's AAPL.O slowing iPhone sales and a late shift to organic light-emitting diode (OLED) screens.

($1 = 108.1700 yen)

(Reporting by Makiko Yamazaki; Editing by David Dolan)

((david.dolan@tr.com; +81 3 6441 1526; Reuters Messaging: david.dolan.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More