Apple supplier Japan Display finalises deal to raise $200 million from ‘customer’

01-Apr-2020 Intellasia | Reuters | 6:02 AM Print This Post

Japan Display said on Tuesday it has finalised a deal to raise $200 million from “an overseas customer,” which sources have said is Apple.

The $200 fund will come in the form of the customer purchasing equipment at Japan Display’s main smartphone screen factory in central Japan, the company said in a statement.

As Japan Display owed Apple more than $800 million as of last year for the $1.5 billion cost of building the plant, the fund to be raised would be used for repayment, the sources have said.

https://sg.news.yahoo.com/apple-supplier-japan-display-finalises-094556993.html

 


Category: Japan

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