TOKYO -- Japan Display will sell a manufacturing subsidiary to Taiwanese contract assembler Wistron for roughly 8 billion yen ($72.3 million), the struggling panel maker said Thursday, the latest in a series of asset sales aimed at reducing fixed costs.
Japan Display, known as JDI, will continue having Kaohsiung Opto-Electronics produce the company's liquid crystal display modules for automobiles and industrial machinery after the sale, under an outsourcing contract with Wistron.
