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Business deals

Troubled Japan Display to sell LCD unit to Taiwan's Wistron

Tokyo panel maker offloads more assets, but partners eye new fields together

Kaohsiung Opto-Electronics produces LCD modules used in automobiles and industrial machinery. (Image courtesy of the company)

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.

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