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Business

Japan Display may seek outside backer to power turnaround

Thousands of jobs would be cut in overhauling LCD business

JDI's plant in Nomi, central Japan (Photo by Ken Kobayashi)

TOKYO -- Japan Display is considering taking on a capital infusion from an outside partner as part of sweeping restructuring efforts that would shift its focus to cutting-edge display technologies.

The maker of liquid crystal display panels -- formed through the 2012 merger of the LCD operations of Hitachi, Sony and Toshiba -- has seen earnings plunge in recent years. Smartphone makers including Apple, its largest customer, are increasingly turning away from LCDs and toward state-of-the-art organic light-emitting diode displays, where the Japanese company lags far behind South Korean rivals.

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