Japan Display is reportedly having difficulty finalising a deal with one of its potential investors. The company is currently in talks with BOE, China Star Optoelectronics Technology and Visionox, as well as Foxconn, which has acquired Sharp. The company intended to have a deal signed by the close of the fiscal year at the end of March, but as investors have begun to back away, this is no longer a possibility.
As the demand for OLED displays for smartphone applications starts to dwindle, off the back of disappointing iPhone X sales results, Japan Display may see a rise in orders for LCD panels. The company plans to commence its own OLED production line but needs substantial financial backing to do so.
