A report today from Japan-based Asahi claims Apple plans to invest millions in LCD panel supplier Japan Display Inc (JDI) to aid its restructuring, after the firm's bailout plan fell through on the withdrawal of a key backer.

topimg 3
According to Asahi, JDI is set to receive a $100 million investment from Apple, news that has sent the panel maker's shares up as much as 32 percent in Tokyo.

As part of the investment, Apple will also reportedly increase LCD panel orders from JDI at the expense of some of its orders from China.

News of Apple's intentions come at a crucial time for the ailing LCD panel supplier, which had been waiting on a proposed investment of $230 million from Taiwan's TPK Holding to cover its losses, before the proposal was withdrawn last week.

Financial firm CGL Group also dropped its investment plans earlier this month, leaving JDI unsure whether other members in the Chinese-Taiwanese consortium would follow through with their own bailout proposals.

JDI relies on Apple for more than half of its sales, but its mainstay LCD business has been hit heavily by less-than-stellar sales of the iPhone XR and the growing adoption of OLED panel technology.

That has left the supplier scrambling to invest in OLED production to turn around its business, which saw a $2.3 billion loss in 2018.

A report in April claimed JDI would supply the OLED screens for this year's new Apple Watch model.

If the firm can stay afloat it could potentially do the same for future iPhones, which would help Apple diversify its supply chain and allow the tech giant to reduce its heavy reliance on Samsung for the newer OLED display tech.

Top Rated Comments

JetTester Avatar
22 months ago
Dear Apple, I too have had my head up my ass, and haven’t kept up with technology advances. I think I could turn it around with a mere $10 million, no wait, $50 million. Please send it in cash, preferably small bills. Thanks!
Score: 2 Votes (Like | Disagree)
willmtaylor Avatar
22 months ago
Dear Apple, I too have had my head up my ass, and haven’t kept up with technology advances. I think I could turn it around with a mere $10 million, no wait, $50 million. Please send it in cash, preferably small bills. Thanks!
And you offer what to Apple in return?
Score: 2 Votes (Like | Disagree)
69Mustang Avatar
22 months ago
And you offer what to Apple in return?
The same thing as Japan Display... a convenient write-off when the investment inevitably turns to mush.:p:D Only [USER=876543]@JetTester[/USER] will be a slightly smaller risk.;)
Score: 2 Votes (Like | Disagree)
nt5672 Avatar
22 months ago
I though microLED was the future, no OLED.
Score: 1 Votes (Like | Disagree)
I7guy Avatar
22 months ago
With all of the stories and rumors about Apple investing in display, they are serious about removing their reliance on Samsung.
Score: 1 Votes (Like | Disagree)

Top Stories

microsoft edge ios android

Bill Gates Says His Preference for Android Over iPhone is Due to Pre-Installed Software

Friday February 26, 2021 3:35 am PST by
Microsoft co-founder Bill Gates this week participated in his first meeting on Clubhouse, the increasingly popular invite-only conversation app, where he fielded a range of questions as part of an ongoing book tour. Gates was interviewed by journalist Andrew Ross Sorkin, and given that the Clubhouse app is currently only available on iOS, naturally one of the questions that came up was...
Top Stories 47 Feature copy

Top Stories: MacBook Pro, iMac, and AirPods Rumors, macOS 11.2.2, MagSafe Wallet Revisited

Saturday February 27, 2021 6:00 am PST by
March is right around the corner, and that means our first good opportunity for Apple product launches in 2021 as the company frequently has significant launches in March or April each year. We're hearing rumors about MacBook Pro, iMac, AirPods, and more, although many of these will be coming out at different times over the course of the year. This week also saw a macOS update to address a ...
iphone 6 in hand

Apple Faces Another iPhone Lawsuit Over 'Programmed Obsolescence'

Monday March 1, 2021 6:44 am PST by
Apple faces a new class-action lawsuit that accuses it of deliberately releasing iOS updates that slowly reduce the performance of an iPhone, forcing customers to upgrade their devices. The lawsuit comes from the Portuguese Consumer Protection Agency, Deco Proteste (via Marketeer), which in a statement says that it will proceed with a case against the Cupertino tech giant because it...
maxresdefault

HomeKit Essentials Worth Checking Out

Saturday February 27, 2021 7:05 am PST by
HomeKit was slow to take off after its 2014 launch, but now that it's been around for seven years, there are hundreds of HomeKit products available, ranging from doorbells and speakers to TVs, lights, and cameras. In our latest YouTube video, we rounded up some of our favorite HomeKit products that we find most useful. Subscribe to the MacRumors YouTube channel for more videos. HomePod...
First Look Big Sur Feature2

Apple Releases macOS Big Sur 11.2.2 to Prevent MacBooks From Being Damaged by Third-Party Non-Compliant Docks

Thursday February 25, 2021 10:07 am PST by
Apple today released macOS Big Sur 11.2.2, the fourth update to the macOS Big Sur operating system that launched in November. macOS Big Sur 11.2.2 comes two weeks after the release of macOS Big Sur 11.2.1, a bug fix update. The new ‌‌‌‌macOS Big Sur‌‌‌ 11.2.2‌ update can be downloaded for free on all eligible Macs using the Software Update section of System Preferences....
iphone 12 pro display video

iPhone 13 to Include 1TB Storage Option and LiDAR Across the Board, Says Wedbush Analyst

Monday March 1, 2021 4:00 am PST by
Apple's forthcoming iPhone 13 could include a 1TB storage option for some models and LiDAR Scanners across the entire lineup, according to a report from Wedbush analysts. In a new note to investors, seen by MacRumors, Wedbush analyst Daniel Ives said that initial Asian supply chain checks gave the firm "increased confidence" that Apple's 5G-driven product cycle would extend well into 2022,...
flat mbp 14 inch feature yellow

Redesigned 14-Inch MacBook Pro Expected to Feature Brighter Mini-LED Display With Slimmer Bezels and More

Thursday February 25, 2021 7:48 am PST by
Apple plans to unveil new 14-inch and 16-inch MacBook Pro models with Mini-LED-backlit displays in the second half of this year, according to industry sources cited by Taiwanese supply chain publication DigiTimes. The report claims that Radiant Opto-Electronics will be the exclusive supplier of the Mini-LED backlight units, while Quanta Computer is said to be tasked with final assembly of the...
mac mini developer transition kit photo feature

Apple Requiring Developers to Return DTK Mac Minis by March 31

Friday February 26, 2021 3:57 pm PST by
Apple today sent out emails to developers who are in possession of a Developer Transition Kit, asking them to return the machines by March 31. The Developer Transition Kits are Mac minis with A12Z chips that Apple provided for development purposes ahead of the release of the M1 Macs. Apple in the emails provided developers with shipping instructions, and plans to begin collecting the DTKs...
iphone 12 120hz thumbnail feature

Kuo: iPhone 13 Lineup to Feature Smaller Notch and Larger Batteries, 120Hz Display for Pro Models, and More

Monday March 1, 2021 7:50 am PST by
iPhone 13 models will all feature a smaller notch, while the two Pro models will be equipped with low-power LTPO display technology for a 120Hz refresh rate, analyst Ming-Chi Kuo said today in a research note obtained by MacRumors. Subscribe to the MacRumors YouTube channel for more videos. Several other sources have previously claimed that some iPhone 13 models will support a 120Hz refresh...
unc0ver version 6 release

Jailbreak Tool 'unc0ver' 6.0.0 Released With iOS 14.3 Compatibility

Sunday February 28, 2021 9:26 am PST by
The team behind the "unc0ver" jailbreaking tool for iOS has released version 6.0.0 of its software, which can allegedly be used to jailbreak any device running iOS 11.0 through iOS 14.3 using a kernel vulnerability. The unc0ver website describes how the tool has been extensively tested across a range of iOS devices running various software versions, including an iPhone 12 Pro Max running iOS ...