Japan display has been in a never-ending nightmare ever since Apple pulled the rug from under their feet back in 2015. In mid-March the company was engaged in a bailout deal with China's Silkroad Investment Capital that has plans to build an OLED panel plant in China using Japan Display’s technology.

We're now learning that Japan Display, which gets more than half of its revenue from Apple, has a small OLED pilot line at a smartphone screen plant in eastern Japan that they could use to make Apple Watch displays.

A new Reuters report claims that Japan Display has been able to land a contract from Apple for OLED displays for Apple Watch, though no specifics of the deal were revealed. Of course this could only happen if the Silkroad investment deal is approved.  

The Nikkei business daily reported on Wednesday the company board would vote on investment plans by the start of next week.

Japan Display’s technology uses a slightly different manufacturing method and equipment from Samsung to avoid infringing patents held by the industry leader.

Shares of Japan Display jumped as much as 7.6 percent in Tokyo trade on Wednesday after the Reuters report. The stock finished up 6.3 percent at 84 yen.

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