Apple set to invest heavily in Japan Display to stave off oblivionWhat you need to know
Japan Display is struggling following the shift to OLED.
Apple was already said to be planning an investment.
That investment is now expected to double.
The Bank of Apple is needed.
Apple looks set to invest more than $180 million into struggling display partner Japan Display, according to reports.
It hasn't been a good few years for Japan Display. Despite having Apple as a customer it found that the industry's move towards OLED was causing it problems, especially because it was slow to make the move itself. In fact, as 9to5Mac points out things were so bad that Japan Display couldn't afford to kit itself out with OLED production lines and it took a $636 million government bailout to keep things afloat.
Since then another bailout was announced to the tune of $723 million but after previous setbacks a new report has the rescue plan's main backer pulling out. The result is a $557 million black hole.
Troubled LCD maker Japan Display will not receive a finan...
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Apple set to invest heavily in Japan Display to stave off oblivion
