JDI is Looking for investors for ramping up the OLED production!
JDI or Japan Display Inc. manufactures one of the best LCD for phones in the market. The company was once a leading manufacturer, but it is struggling to compete against the OLED market. Well, JDI manufactures LCD’s for Apple, and its the prime manufacturer of LCD’s for the company, as well. Of late, the reports are coming in that say JDI is going to be saved by Chinese and Taiwanese investors.
Insiders say these Chinese regulatory will invest around $723 million in JDI. The funds will come from Chinese state-backed Silk Road Fund and the Taiwanese panel maker TPK Holding Co. Well, that is equivalent to 30-50% shares in JDI.
JDI makes best LCD’s around the globe, but there transition towards OLEDs in comparatively slow. The market is enjoying AMOLED panels, and Apple is shifting towards OLED technology, as well. The last iteration of the iPhone to get LCD is the iPhone XR with Liquid Retina Display. Apple will transition to AMOLED on iPhone XR 2019, as well. So, JDI is losing its prime customers, as well.
Now is the right time for the company to get investors for ramping up its OLED production, as well. The time is not far when JDI will once again compete against the big players on the market.