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
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.
Formed a decade ago when the LCD businesses of Hitachi Ltd, Toshiba Corp and Sony Corp merged in a government-brokered deal, Japan Display has been selling assets in a drive to return to profit after years in the red. "This is not just a business alliance, but a significant strategic alliance," Callon said, adding that the move would bring together Japan Display's technology and HKC's cost competitiveness and large production capacity.
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