Japan Display is negotiating with a Chinese company, Harvest Tech on the production of OLED panels
The company Japan Display in the end of last week announced that its plant located in the Prefecture of Ishikawa Prefecture and is designed to produce LCD panels and has not resumed.
Initially, the manufacturer stated that his company will be closed from July to September because of falling demand for displays for Apple mobile devices and increased competition from Chinese producers of LCD panels.
However, it may be that the production of LCD panels at this factory and will not be renewed. According to sources, Japan Display is negotiating with a Chinese company, Harvest Tech on improving capacities for production of OLED panels. According to a new statement by Japan Display, after negotiations with Harvest Tech, it will be decided whether to resume factory work by the end of March 2020.
We will remind, the Chinese investment group Harvest Group has allocated the funds necessary to save Japan Display from bankruptcy.