Japan Display is preparing for a new financial injections from the state fund

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POSTER: computer news   ||    JAPAN DISPLAY IS PREPARING FOR A NEW FINANCIAL INJECTIONS FROM THE STATE FUND	DATE:2016-11-26
Japanese display manufacturers are trying by all means to stay afloat, consolidating assets as necessary and relying on state support.  Example Sharp, who, after lengthy negotiations, still decided to "sell to Foxconn", in this case, is not revealing.  Japanese companies have traditionally relied on the support of the authorities or other local companies. As explained by the agency Bloomberg, the company Japan Display is preparing to exchange a package of its preferred shares for capital infusion in the amount of $ 886 million. From the investment fund INCJ, controlled by the state.  The proceeds should be directed to the development of new types of displays for automotive infotainment systems and smart phones.  Japan Display is already supplying products to contractors of Apple, therefore increasing customer demands forced to invest in the development of advanced products. Meanwhile, the slowdown in growth of the smartphone market and competition from Korean and Chinese manufacturers  forced  display Japan in the third consecutive year to work at a loss.  The deal between INCJ and Japan Display could be announced before the end of this month. Related Products :

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