JDI relies on Apple for about 60% of its revenue was falling behind in technology and lacked the funds needed to ramp up production
TOKYO: Japan Display Inc (JDI), the struggling supplier of screens to Apple Inc, says it is in talks with customers on possible joint investments in next-generation organic light-emitting diode (OLED) displays. Shares of JDI posted their biggest gain in 19 months.
JDI is developing a technology that would deliver OLED screens that are sharper, less power hungry and are easier to produce, the company’s chief executive officer Minoru Kikuoka said in an interview. While JDI is a few technical milestones short of deciding whether to push ahead, it has already started talks with some customers on investing in the new technology, Kikuoka said, declining to name specific companies.
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