JOLED Declaring Bankruptcy: Japan Display Takes Over Technology
A joint organic light-emitting diode (OLED) display venture between Panasonic and Sony, JOLED announced that it has filed for court protection, with outstanding debts amounting to ¥33.7 billion ($260 million). The company plans to withdraw from the display manufacturing industry and shutter its factories in Ishikawa and Chiba prefectures. Approximately 280 of the company’s 380 … Read more