Foreign media: JDI is finalizing the plan to sell the main LCD panel factory to sharp, a subsidiary of Foxconn

According to foreign media reports, after Apple’s iPhone turned to OLED screens, Japanese display companies, which used to supply large quantities of LCD panels for Apple’s iPhones, are in trouble because of their sluggishness. They have planned to sell their main LCD panel factories to sharp, a subsidiary of Foxconn, so as to reduce their debt to apple. According to foreign media reports, JDI is finalizing a plan to sell the LCD panel factory to sharp, including the factory and its land. The deal is expected to be 40 billion yen, equivalent to about 375 million US dollars. According to foreign media reports, the Hakusan factory in Shichuan County, which JDI plans to sell to sharp, has been idle since July 2019. However, what JDI sold to sharp this time is only factory buildings and land, and there is no LCD panel production equipment. The equipment for LCD panel production in the factory was sold to an apple supplier in March this year. Foreign media said that it sold a total of 281 million US dollars of equipment. < p > < p > JDI chose to sell the LCD panel factory mainly to reduce its debt to apple. In the process of building the factory, apple provided $1.5 billion in advance, and JDI still owes Apple about $800 million. With the equipment sold and the plant planned to be sold to sharp, JDI is expected to receive about 70 billion yen, equivalent to about US $656 million. In the report, foreign media also mentioned that JDI had planned to sell LCD panel factories in March this year, but due to the epidemic situation, relevant negotiations could not be carried forward as scheduled. Continue ReadingXiaomi new machine real machine exposure center dig hole screen design or high color thousand yuan machine