Japan Display, in need of funds, says Taiwan’s TPK decided not to invest

Japan Display Inc on Monday said it has received notice from TPK Holding Co Ltd that the Taiwanese screen maker has decided not to invest a proposed USD 230 million, muddying the outlook for the Apple Inc supplier.

The decision is a blow to the Japanese smartphone display maker which has been seeking a cash injection to recover from the impact of slowing sales of Apple’s iPhone as well as a late shift to organic light-emitting diode (OLED) screens.