Technology

Japan Display to reportedly sell LCD factory to Sharp

Japan Display is reportedly finalizing a plan to sell its primary LCD production facility to Sharp in an attempt to ease its debts to Apple.

Credit: Japan DisplayCredit: Japan Display

The struggling Apple partner was first said to be considering a sale of the plant in 2019 in an effort to pay back its debts to Apple, which funded the construction of the facility with a $1.5 billion “prepayment” to the display maker.

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