#ipad displays

Apple supplier Japan Display’s net worth negative after tenth quarterly loss

Cash-strapped Japan Display Inc reported a tenth consecutive quarterly loss and a negative net worth, increasing the urgency for the firm to close a proposed bailout with a Chinese group.

Makiko Yamazaki for Reuters:

The liquid crystal display (LCD) maker for smartphones, which gets more than half of its revenue from Apple, posted a net loss of 83.27 billion yen ($786.53 million) in the…

Japan Display confirms $100 million investment from Apple as part of bailout deal

Makiko Yamazaki for Reuters:

Japan Display Inc said on Friday it would receive a $100 million investment from a customer, which a source said was Apple Inc, as part of a bailout deal led by a Chinese investment firm for the smartphone screen maker.

Japan Display is facing a funding crunch due to Apple’s recent shift away from liquid-crystal displays (LCDs) and disappointing sales of the iPhone…

Hon Hai considering $1.7 billion stake in Sharp LCD business; to ask Apple to invest a ‘few hundred million’

“Taiwan’s Hon Hai Precision Industry Co is considering buying a majority stake in Sharp Corp’s loss-making LCD business for up to 200 billion yen ($1.7 billion), Japan’s Mainichi newspaper said on Monday, without citing any sources,” Reuters reports.

“The newspaper said Hon Hai planned to ask iPhone maker and customer Apple Inc, which is also a client of Sharp, to invest a ‘few hundred…

Hon Hai offers to buy Sharp’s LCD business, wants Apple funds

“Taiwan’s Hon Hai Precision Industry Co offered to buy Sharp Corp’s struggling liquid panel display business and plans to seek funding from Apple Inc, the Nikkei business daily reported on Monday,” Makiko Yamazaki, Ritsuko Ando, and J.R. Wu report for Reuters.

“The report did not specify how much Hon Hai, also known as Foxconn, was willing to pay for the loss-making operations, but…

Apple suppliers Sharp, Foxconn in talks for LCD joint venture

“Japanese supplier Sharp is negotiating with Hon Hai Precision Industry — better known as Foxconn — on a deal that would see the former spin off its display panel business to create a new joint venture, according to a Monday report,” Roger Fingas reports for APpleInsider.

“Under the proposed plan, Hon Hai — and possibly other parties, including Japan’s state-controlled Innovation…