Apple supplier Japan Display finalises deal to raise $200 million from 'customer'
Reuters
Published Mar 31, 2020 05:46
TOKYO (Reuters) - Japan Display said on Tuesday it has finalised a deal to raise $200 million from "an overseas customer," which sources have said is Apple (NASDAQ:AAPL).
The $200 fund will come in the form of the customer purchasing equipment at Japan Display's main smartphone screen factory in central Japan, the company said in a statement.
As Japan Display owed Apple more than $800 million as of last year for the $1.5 billion cost of building the plant, the fund to be raised would be used for repayment, the sources have said.
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Written By: Reuters
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