Japan Display Negotiating With Apple & Sharp Over Sell Of Hakusan Factory
Nikkei Asian Review is reporting,
Japan Display is in talks with Apple and Sharp to sell its main Hakusan factory in Ishikawa Prefecture, multiple sources told Nikkei on Friday.
Japan Display, commonly known as JDI, has been restructuring its business and suspended display production at the factory in July due to poor sales.
The company hopes sale of the plant will help its turnaround efforts. Apple and Sharp are still considering how to share stakes in the facility.
JDI said in a statement on Friday that the company is “considering a wide range of options” regarding the Hakusan factory. — Nikkei AR