The LCD screen manufacturer Japan Display is seeking financing among different banks in Japan to obtain the necessary financing to be able to fully immerse itself in the manufacture of OLED screens, a market where the Korean company Samsung is the current leader and where at the moment, it has not found any rival that can stand up to it, both in the manufacture of units and in the quality it offers.
According to Reuters, Japan Display is looking for some 900 million dollars to make the necessary investments to start manufacturing OLED screens, a screen that at some point, could be part of the components of the next iPhone models.
The Tokyo-based Japan Display company, a maker of liquid crystal displays, also known as JDI, is seeking funding between Japanese banks Mizuho Bank and Sumitomo Mitsui Baking Corp Innovation Network Corp, something that shouldn't cost much time as the government The country is the largest shareholder in the company, so there are sufficient guarantees so that these banks do not have any problem when it comes to lending the necessary money to Japan Display to get fully into the race of the manufacturers of OLED screens in the market. .
Japan Display was created in 2012 when the LCD display divisions of Hitachi, Sony and Toshiba merged, but over the past three years it has been losing customers due to increasing competition from South Korea and China. Actually Samsung is the only firm capable of reliably manufacturing OLED panels for smartphones, But both LG and Foxconn intend to start mass production in the next few years.
It seems good to me that more companies interested in it appear and thus have competition, which translates into something very good for consumers.