Apple has made an investment worth $200M into Japan Display which is meant to be used in buying equipment. The investment came amid Japan Display owing an initial $1.5B as a loan to Apple and then paid off $700M which leaves $800M unpaid. With the new investment, the company will be owing the sum of $1B to Apple as a debt.
With Apple’s $200m investment used as reassurance, Japan Display has managed to secure another $830m as an investment from an asset manager.
JDI is one of big Apple’s LCD makers and was tasked at making the OLED displays on the Apple Watch. The new investment poured into JDI will further help in building up facilities and enable larger OLED production which will be used for future iPhones even though that hasn’t reached a good point just yet.
Apple’s current OLED supplier is Samsung while LG is the second but there are possibilities that BOE could replace LG as the second supplier of Apple’s OLED panels.