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Business deals

Apple pulled strings behind JDI-Sharp factory sale

Hakusan plant to drive push on LCDs and next-generation displays

Apple CEO Tim Cook presents the iPhone 11 on Sept. 10, 2019. The company sells smartphones with OLED and LCD screens.   © Reuters

TOKYO/OSAKA -- Sharp's decision to purchase a smartphone screen plant from Japan Display came at the behest of Apple, a major client, with hopes of transforming the facility into a key link in its long-term strategy on displays.

Japan Display on Friday said it is selling its halted Hakusan plant and the land under it to Sharp for 41.2 billion yen ($390 million), and part of the related equipment to a "customer" -- meaning Apple -- for 30.1 billion yen. Sharp will take control of the facility by October, and will resume the production of liquid crystal displays for iPhones there.

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