The Japan Display Inc is working on the project of producing OLED panels for the smartphone manufacturer companies. The company needs a huge investment for the completion of the project using the latest technology. Estimation based, the company is seeking $900 million. According to the report, Apple is investing in the company shares that is the 25 percent of the cost for the project.
The company is working on the mass production of the medium size OLED panels for the medical equipment monitors and automotive dashboards and other devices in upcoming devices. The company is working on the lower-cost “printing” process without compromising the production of the Panels.
The Japan Display, Inc JOLED capital is structured by the state-backed fund, including the investment in the company shares by Sony Corp and Canon Inc and many more. Sony invested JPY 100 billion in the JOLED shares. The investment is proving the company is working on the project with plans to produce panels with latest technology. Japan Display said in a statement as:
The new panels are expected to be as much as 40 percent cheaper than products from South Korean leaders, noting that Samsung Electronics Co uses a higher-cost “evaporation” method in its OLED panels. If it does begin mass-production with the new technology, it believes it would be a world first.
With the announcement of the project, the company attract more investors to invest in the shares. 25 percent trading volume of the company increase with the project. Share your views with us by leaving comments in the comments section given below!