TOKYO -- Struggling Apple supplier Japan Display plans to sell a smartphone screen factory and the land it sits on to Sharp for 41.2 billion yen ($386 million), the company has announced.
A deal for the Hakusan liquid crystal display plant in Ishikawa Prefecture, along with sale of equipment there to a customer believed to be Apple, will earn Japan Display $668 million while cutting excess capacity that has weighed on earnings.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
