Japan Display to Raise $517 Million to Supply Apple With LCDs for 2018 Low-Cost iPhone

Japan Display is planning to raise $517 million through third-party share allocations and asset sales so it will have the funds to supply LCD screens for new iPhones, reports Nikkei. Last year, Japan Display lost business because of Apple’s shift to OLED, so the company sought partnerships to begin producing OLED displays, but with Apple planning to continue to use LCDs for some devices, Japan