LCD Maker Japan Display Seeks Nearly $900 Million in Bank Loans Ahead of First iPhone With OLED Display

Loss-making LCD manufacturer Japan Display has reportedly asked banks and its largest shareholder for around 100 billion yen, or roughly $897 million, to fund restructuring efforts, according to Nikkei Asian Review and Reuters. The Tokyo-based manufacturer of liquid crystal display panels, also known as JDI, requested the loan from lenders including Mizuho Bank and Sumitomo Mitsui Banking Corp. Innovation Network Corp. of Japan, the government-backed fund that is Japan Display's largest...

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