TOKYO: Japan Display Inc will begin to supply organic light-emitting diode screens for the Apple Watch later this year, two sources said, a breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple.
Samsung Display is currently the exclusive supplier of OLED panels for iPhones, while LG Display provides a majority of panels for the Apple Watch.Hiroshi Hayase, senior director at IHS Markit, said it is a positive step for Japan Display, but added that the company would face a tough road ahead. It is seeking investment from a group that includes China Silkroad Investment Capital , sources have told Reuters. The company has said it is aiming for as much as US$990 million in fresh financing.
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