While Apple supplier Japan Display, that makes the "'Liquid Display" for the popular iPhone XR, was dealt a blow last month with one of their investors TPK backing out of a bailout package at the last moment, it's being reported today that the bailout has been finalized without them.  

Japan Display Inc said on Friday that a group led by Chinese investment firm Harvest Group had formally secured additional funding for a previously announced 80 billion yen ($738 million) bailout plan for the screen maker.

Harvest Group would increase its investment, included a $100 million investment from a JDI customer, Japan Display said.  Reuters reported last month that the customer was Apple Inc. – it was not.

The Japanese company said it planned to hold a shareholders meeting on Aug. 29 to formalize the bailout plan.

Lastly the Reuters report stated that "Apple’s recent shift away from liquid-crystal displays (LCDs) triggered the funding crunch for Japan Display, which depended on the U.S. smartphone maker for 60.6% of its revenue in the last financial year ended March." Patently Apple touched on that part of Japan Display's nightmare back in March. Read today's Reuters report for more.

About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Those using abusive language or negative behavior will result in being blacklisted on Disqus.