Apple supplier Japan Display to receive $830 million from asset manager Ichigo

TOKYO: Apple supplier Japan Display Inc said on Thursday it plans to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, giving effective control to the Japanese asset manager.

Ichigo will join Apple and Taiwanese contract electronics manufacturer Wistron Corp in bailing out the advanced liquid crystal display (LCD) maker.

Apple’s commitment to financially support Japan Display has reassured potential investors, sources familiar with the deal said.