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Business deals

Japan Display in talks with Chinese companies for lifeline

State-owned Silk Road Fund on a list of candidates

A slump in the smartphone panel business has compounded difficulties for Japan Display, which is seeking backing from Chinese businesses and investment funds.
A slump in the smartphone panel business has compounded difficulties for Japan Display, which is seeking backing from Chinese businesses and investment funds.

TOKYO -- Panel maker and Apple supplier Japan Display is holding talks with Chinese businesses and investment funds to get support for its turnaround efforts, Nikkei has learned.

The company, which supplies liquid crystal display panels for the iPhone XR, has been mired in red ink due to a slump in its mainstay LCD smartphone panels and has been seeking capital from investors in and outside Japan.

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