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Apple relaxes repayment terms for supplier Japan Display

Support plan paves way for Taiwanese-Chinese consortium bailout

Japan Display is still struggling to turn itself around. The company announced a restructuring plan in 2017. (Photo by Ken Kobayashi)

TOKYO -- Japan Display announced Thursday a deal for financial support from state-backed fund INCJ and key customer Apple, potentially salvaging a bailout by a Taiwanese-Chinese consortium that looked uncertain after the troubled manufacturer's results took a turn for the worse.

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