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Companies

Japan Display to raise $500m to supply key customer Apple

iPhone maker's shifting screen demands whipsaw LCD company

Japan Display Inc. has explored capital partnerships for producing advanced OLED displays, but talks have stalled.   © Reuters

TOKYO -- Japan Display plans to procure about 55 billion yen ($517 million) through third-party share allocations and asset sales, it said Friday, scrambling for capital so it can supply screens for new iPhones.

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