Earlier this month, JDI said that it has signed a formal cooperation contract for receiving a maximum of 80 billion yen (about 5.3 billion yuan) of financial assistance from Chinese funds.
Previously, JDI had received a $100 million investment from a customer. Foreign media said that this customer isapplethe company. In the last fiscal year ending March, Apple accounted for 60.6% of Japan's display revenue.
In the fiscal year of JDI 2018 (as of March 31, 2019), the consolidated earnings report showed a loss of 109.4 billion yen (approximately RMB 6.85 billion) and a loss for five consecutive years.
intelligentMobile phoneManufacturers turn to organic light-emitting diodesOLEDThe panel, as well as the increase in production capacity of LCD panel manufacturers in mainland China, has made JDI face a severe operating environment. JDI missed many Apple orders because of the slow pace of moving to OLED panels. JDI hopes to obtain external investment and plans to invest the funds in Japan's domestic factories to expand its OLED panel production capacity.
TFT-LCD, AMOLED, and new display technologies including flexible displays, all of which are semiconductor technologies, can be collectively referred to as semiconductor displays. A semiconductor display can be defined as a general term for display technology in which each of the minimum display units is independently controlled by a semiconductor device.