Loss-making LCD manufacturer Japan Display has reportedly asked banks and its largest shareholder for around 100 billion yen, or roughly $897 million, to fund restructuring efforts, according to Nikkei Asian Review and Reuters.

iPhone trio1

The Tokyo-based manufacturer of liquid crystal display panels, also known as JDI, requested the loan from lenders including Mizuho Bank and Sumitomo Mitsui Banking Corp. Innovation Network Corp. of Japan, the government-backed fund that is Japan Display's largest shareholder, will provide indirect support in the form of loan guarantees.

The capital raised will help Japan Display's turnaround efforts, which reportedly may involve halting production and trimming staff at smartphone panel plants in the central Japanese city of Nomi and China's Jiangsu Province.

Japan Display, formed in 2012 when the LCD divisions of Hitachi, Sony, and Toshiba merged, has lost money for a third consecutive year, reportedly due to problems getting smartphone panel production up to speed. The company also faces increased competition from South Korean and Chinese rivals.

Japan Display is also threatened by the increasing adoption of OLED displays in smartphones, which it doesn't produce. Samsung is currently the only company that can reliably manufacture OLED displays for smartphones, with LG and Foxconn aiming to begin mass production over the next few years.

Apple, which has long been Japan Display's biggest customer, is widely rumored to release its first iPhone with an OLED display in the coming months. At least two new iPhone models are expected to continue using LCDs, but rumors suggest Apple's entire iPhone lineup could use OLED displays by 2019.

Earlier reports have claimed Japan Display is also planning to manufacture OLED displays, but if it doesn't act fast, it could eventually lose Apple as a customer and face significantly worse financial problems.

Top Rated Comments

McFlyOz Avatar
51 months ago
Hopefully the restructuring means they go OLED because once you taste OLED, everything else is DED.
Score: 5 Votes (Like | Disagree)
thewebb Avatar
51 months ago
$900 millions? Why not just ask $1 Billions?

While at it, why not directly work on microLED while also appealing to Apple's input.
100 billion yen sounds better than 111,474,500,000 yen I suppose.
Score: 2 Votes (Like | Disagree)
Bane-Thunder Avatar
51 months ago
After using the S8 for 3 months I can tell ya it’s all about OLED and I can’t wait for the oled iPhone.
Score: 2 Votes (Like | Disagree)
69Mustang Avatar
51 months ago
$900 millions? Why not just ask $1 Billions?

While at it, why not directly work on microLED while also appealing to Apple's input.
They have no money to work on mLED. They have their hand out asking for a loan just to stay in business. No way they can afford to spend on R&D and ramp up on a product that they may or may not get to participate in delivering.
Score: 1 Votes (Like | Disagree)
mistasopz Avatar
51 months ago
Apple's a little late to the game here. Been using OLED for about 7 years now. There is no comparison, it blows LCD out of the water.
Score: 1 Votes (Like | Disagree)
Avieshek Avatar
51 months ago
$900 millions? Why not just ask $1 Billions?

While at it, why not directly work on microLED while also appealing to Apple's input.
Score: 1 Votes (Like | Disagree)

Top Stories

apple watch 6s 202009

Bloomberg: Apple Watch Series 7 to Feature Thinner Screen Bezels, Faster Processor, and Updated Ultra Wideband Tech

Monday June 14, 2021 3:41 am PDT by
This year's Apple Watch Series 7 is likely to have thinner display bezels and use a new lamination technique that brings the display closer to the front cover, according to Bloomberg's Mark Gurman. From the report: The Cupertino, California-based tech giant is planning to refresh the line this year -- with a model likely dubbed the Apple Watch Series 7 -- by adding a faster processor,...
ios 15 home screen icons

iOS 15 Lets You Drag and Drop Images and Text Across Apps

Saturday June 12, 2021 3:17 pm PDT by
Apple this week previewed iOS 15, which is available now in beta for developers ahead of a public release later this year. One smaller but useful new feature added is the ability to drag and drop images, text, files, and more across apps on iPhone. MacStories editor-in-chief Federico Viticci demonstrated the new feature in a tweet: Using cross-app drag and drop on iPhone in iOS 15. Finally 🎉 #WW ...
studio buds family

Beats Studio Buds Debuting Today With Active Noise Cancellation, Stemless Design, and More for $150

Monday June 14, 2021 8:00 am PDT by
We've seen a lot of teasers about the Beats Studio Buds over the past month since they first showed up in Apple's beta software updates, and today they're finally official. The Beats Studio Buds are available to order today in red, white, and black ahead of a June 24 ship date, and they're priced at $149.99. The Studio Buds are the first Beats-branded earbuds to truly compete with AirPods...
apple virtual game controller ios 15

Apple Makes New On-Screen Game Controller Available to Developers on iOS 15 and iPadOS 15

Saturday June 12, 2021 12:36 pm PDT by
During the Platforms State of the Union at WWDC this week, Apple unveiled a new API for iOS 15 and iPadOS 15 that enables developers to implement an on-screen virtual game controller in their iPhone and iPad games with just a few lines of code. While many iPhone and iPad games already offer on-screen controls, Apple's new virtual game controller is available to all developers, easy to add,...
ipad mini 6

Next iPad Mini Will Allegedly Feature Thinner Bezels, USB-C Port, and Touch ID Power Button

Friday June 11, 2021 1:13 pm PDT by
On his newly launched Front Page Tech website, leaker Jon Prosser has shared renders showing off the alleged design of the next-generation iPad mini, which he says are based on schematics, CAD files, and real images of the device. In line with details shared earlier this month by Bloomberg's Mark Gurman and Debby Wu, Prosser claims that the new iPad mini will feature slimmer bezels around...
maxresdefault

Apple Promotes iPad Pro in New Ad With 'The Little Mermaid' Musical Spin

Saturday June 12, 2021 7:01 am PDT by
In a currently unlisted ad on YouTube, Apple is promoting the versatility, portability, and power of the M1 iPad Pro in a fun musical inspired by The Little Mermaid's "Part of Your World" soundtrack. In the ad, which features the main character using an M1 iPad Pro, Magic Keyboard, and Apple Pencil, multiple users can be seen struggling with their old PCs indoors while hoping that they can...
passwords system preferences

macOS Monterey Features Dedicated Password Section in System Preferences, Built-In Authenticator and More

Friday June 11, 2021 2:32 pm PDT by
macOS Monterey makes several improvements to password management, positioning iCloud Keychain as an ideal password service to replace third-party services like Lastpass and 1Password. In System Preferences, there's a new "Passwords" section that houses all of your iCloud Keychain logins and passwords so they're easier to get to, edit, and manage. There's a similar Passwords section that's...
macos monterey tidbits feature copy

macOS Monterey Tidbits: Animated Memoji on Login Screen, Change the Color of the Mouse Pointer, and More

Friday June 11, 2021 10:27 am PDT by
We've highlighted several new features coming in macOS Monterey, such as Low Power Mode and the option to erase a Mac without reinstalling the operating system, but there are some smaller tidbits that we wanted to share. Animated Memoji on Login Screen One small but fun new feature in macOS Monterey is the addition of a personalized Memoji on the login screen, complete with animated facial...
m1 imac back

Some M1 iMac Models Shipping With Crooked Mountings

Monday June 14, 2021 12:50 pm PDT by
Some M1 iMacs appear to have a manufacturing defect that causes the display to be mounted on the stand in a way that's not perfectly aligned, leading to a crooked display. YouTuber iPhonedo over the weekend published a review of the M1 iMac, and he found that his machine appeared to be tilted on one side, a mounting disparity that was visibly noticeable and proved with a ruler. Another...
mr white ipod touch 5 protoype3

Unreleased iPod Touch 5 With Chamfered Edges and 30-Pin Dock Connector Shared Online

Thursday June 10, 2021 2:05 am PDT by
Occasional leaker Mr White has today shared interesting images on Twitter of what appears to be an old-school fifth-generation iPod touch prototype with chamfered edges and a brushed aluminum finish. The original iPod touch 5 that Apple released in October 2012 had a unibody anodized aluminum chassis with rounded edges, and was available in several colors, including slate. Another...