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Japan Display on the ropes as talks for China-led funding stall

LCD maker faces fifth straight year in red due to iPhone slump

Sales of the iPhone XR released last fall have disappointed, dealing a blow to Apple supplier Japan Display. (Photo by Rie Ishii)

TOKYO -- Liquid crystal display specialist Japan Display is in a race against time to secure funds for survival, after saying Thursday that it is on track for a fifth-straight annual net loss.

Founded in 2012 through a merger of the liquid crystal display businesses of Hitachi, Toshiba and Sony, Japan Display has been in talks with Chinese and Taiwanese companies for a cash influx since the end of 2018.

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