Japan Display has confirmed that it will build a new $1.4 billion LCD manufacturing plant which Apple will reportedly invest in, says Reuters. The plant would supply smartphone screens for Apple, according to a source.
The company did not name Apple, in line with its policy of not identifying clients. A person familiar with the matter said Apple would also invest an unspecified amount in the plant, which would further the Japanese screen maker's aim of becoming the primary supplier of high-tech screens for iPhones.
While investment details are still confidential, the plant will be built in Ishikawa, central Japan for a cost of about 170 billion yen. Japan Display hopes to start operations in 2016 and notes that the plant will increase its LCD capacity by 20%.
Earlier reports had pegged the cost of the factory at $1.7 billion.
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The company did not name Apple, in line with its policy of not identifying clients. A person familiar with the matter said Apple would also invest an unspecified amount in the plant, which would further the Japanese screen maker's aim of becoming the primary supplier of high-tech screens for iPhones.
While investment details are still confidential, the plant will be built in Ishikawa, central Japan for a cost of about 170 billion yen. Japan Display hopes to start operations in 2016 and notes that the plant will increase its LCD capacity by 20%.
Earlier reports had pegged the cost of the factory at $1.7 billion.
Read More