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.
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. Queried about the curbs, Callon said Japan Display would not be making capital investments in new plants, adding that its products were for commercial use and would probably not be affected.The company makes the small displays used in smartphones, cars and other products.
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