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Japan Display's path to growth on thin ice

Technical, funding hurdles remain amid myriad uncertainties

Chairman Mitsuru Homma, right, and President Shuji Aruga announce plans to turn Joled into a subsidiary at a news conference Wednesday.

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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