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Business deals

Apple said to buy $200m in Japan Display plant assets

iPhone supplier sells off LCD equipment to repay American tech giant

Japan Display is a major supplier of LCD screens for Apple iPhones.   © Reuters

TOKYO -- Troubled panel maker Japan Display said Tuesday that it would raise $200 million by selling off equipment from a plant to a customer that a source says is seen as key client Apple.

Japan Display, also known as JDI, has been in negotiations with Apple and Sharp to sell its Hakusan liquid crystal display plant in central Japan's Ishikawa Prefecture. A portion of the facilities has remained idle since last July on poor sales of iPhone panels.

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