Apple supplier Japan Display teams up with China’s HKC as it seeks turnaround

TOKYO: Japan Display Inc will team up with China’s HKC Corporation Ltd to co-operate on next-generation technology for displays, it said on Monday, as the Apple Inc supplier looks to turn around its struggling business.

News of the tie-up, coming against the backdrop of Washington’s recent push to curb China’s ability to make advanced chips, sent Japan Display’s shares up more than 13%, putting them on track for their biggest one-day gain in a year.