Japan Display said on Tuesday it has finalised a deal to raise US$200 million from"an overseas customer," which sources have said is Apple.
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S., December 17, 2019, 2019. REUTERS/Mike BlakeTOKYO: Japan Display said on Tuesday it has finalised a deal to raise US$200 million from"an overseas customer," which sources have said is Apple. The US$200 fund will come in the form of the customer purchasing equipment at Japan Display's main smartphone screen factory in central Japan, the company said in a statement.As Japan Display owed Apple more than US$800 million as of last year for the US$1.5 billion cost of building the plant, the fund to be raised would be used for repayment, the sources have said.
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