Japan Display says has not received notice about Chinese investment

FILE PHOTO: The logo of Japan Display Inc is seen at its factory in Mobara, Chiba prefecture, Japan, June 3, 2013. REUTERS/Toru Hanai/File Photo - Copyright Toru Hanai(Reuters)

By Reuters

Published on 14/06/2019 - 11:04•Updated 11/05/2024 - 01:30

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TOKYO (Reuters) - Apple Inc supplier Japan Display Inc on Friday said it had not received notice from a Chinese-Taiwanese consortium about a potential 80 billion yen (£583.9 million) investment, raising the possibility of a critical delay in much-needed cash.

A further delay of a cash injection could raise questions about the survival of the ailing smartphone screen maker, which has been hit by Apple's slowing iPhone sales and a late shift to organic light-emitting diode (OLED) screens.