TOKYO -- Japan Display has resolved its fundraising deadlock -- at least for now -- by committing to develop an organic light-emitting diode panel business with help from its state-backed key shareholder. But with barriers standing in the way to mass production, the outlook is uncertain.
The company announced Wednesday it will receive 75 billion yen ($637 million) in assistance from the Innovation Network Corp. of Japan, a public-private partnership that holds a 36% stake in Japan Display.
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