Apple supplier Japan Display to get USD 700 million bailout

Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen (USD 723 million) in a bailout from a group of Chinese and Taiwanese investors, Kyodo news agency reported.

A group including China’s state-backed Silk Road Fund and Taiwanese panel maker TPK Holding Co will inject around 60 billion to 80 billion yen, taking a stake of 30-50 per cent in Japan Display, Kyodo said, without citing sources.