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Japan Display considers new capital to adapt to Apple's OLED shift

Reuters  |  TOKYO 

By Makiko YamazakiTOKYO (Reuters) - Japan Display said it is considering tapping new investors for capital to catch up in organic light-emitting diode (OLED) screens as its late entry into the technology is costing the display maker orders from its largest client, Apple Inc.The liquid crystal display (LCD) maker also outlined on Wednesday an operational overhaul under which it will streamline production lines and slash 3,700 jobs, or 30 percent of its workforce, resulting in a special loss of 170 billion yen ($1.55 billion) for the current year.Japanese electronics makers have struggled to ...

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First Published: Wed, August 09 2017. 16:49 IST
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