TOKYO -- Struggling Apple supplier Japan Display plans to sell a smartphone screen factory and the land it sits on to Sharp for 41.2 billion yen ($386 million), the company has announced.
Business deals
Apple supplier JDI to sell plant to Sharp for $386m
Cash will go to repay iPhone maker for investment on idle LCD factory
JDI's factory in Hakusan, Japan, opened in 2016 but has been idle since July 2019.
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