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Business deals

Apple supplier JDI to sell plant to Sharp for $386m

Cash will go to repay iPhone maker for investment on idle LCD factory

JDI's factory in Hakusan, Japan, opened in 2016 but has been idle since July 2019.
Nikkei staff writers | Japan

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.

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