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News of Apple display sends Asian supplier shares down

Samsung Electronics loses about 1.4% after word of MicroLED leaks

Apple is developing MicroLED displays at a secret plant in California, according to a report.   © Reuters

TOKYO -- Investors are questioning the future success of some of Apple's Asian suppliers and competitors.

The iPhone maker is developing a new energy-efficient display technology at a secret plant in California, Bloomberg reported on Monday, citing people familiar with the matter. The company is said to be considering the new technology for the Apple Watch, at least at first.

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