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Japan Display confirmed rumors on Friday it’s building a new factory to boost its LCD output capacity by 20 percent, and Apple will be one of the main investors for the plant, as it will be the primary supplier, reports Reuters.

In its announcement on Friday, Japan Display didn’t officially confirm Apple as an investor for the $1.4 billion LCD manufacturing plant, but several sources have said the Cupertino-company will be involved.

Japan Display is aiming to become the primary supplier of high-tech screens for iPhones, big business as the iPhone is generating huge amounts of cash for Apple.

The new plant, located in Ishikawa, central Japan, will be open for business in 2016.

If this type of deal sounds familiar, it’s because it is. Last year, Apple struck a deal with GT Advanced Technologies to build a factory for sapphire crystal iPhone 6 displays, until the deal famously and drastically fell apart.

Source: Reuters

  • 9to5Slavery

    Japanese knows how to work hard that’s the reason why they were #1 in the 1980s-1990s in a lot things they did.

    GOALS

    GOALS

    GOALS.

    In life if you don’t have goals, you will be a wandering lost soul. Wandering to the grave with the richest that never was brought out to shine.

  • @dongiuj

    Make sure you receive ALL the money first, Japan Display.

    • Rowan09

      Apple is one of many investors, it’s not only an Apple plant.

    • BoardDWorld

      Xiaomi have all their high end Smartphone displays supplied from Japan Display, (Mi-3, Mi-4 & Mi Note / Pro.)

  • Gary le

    Shouldnt apple invest in OLED?