Japan Display to Build iPhone Screen Plant - in talks with Apple Inc.
Published By : 20 Feb 2015 | Published By : QYRESEARCH
Japan Display Inc. is in the consideration of building manufacturing plant that will produce smartphone screens for Apple Inc. the company is also negotiating with Apple Inc. for investing in this project, a person familiar with the matter stated on this Friday.
The Japanese company aims at positioning itself as the primary supplier of high tech screens that would be used for Apple’s highly popular iPhones, the person added. The popularity has skyrocketed for iPhones ever since Apple had launched its new series of iPhomes - the iPhones 6 and iPhone 6 plus. Sales have especially been very high in the Chinese market, making Apple Inc. the world’s the most profitable company in the past many years.
It is being said that Japan Display Inc. wants the American smartphone maker to shoulder a good share of the nearly 200 billion yen worth investment required for establishing the plant. The plant is expected to be operational from the next year, the source stated on terms of anonymity as the talks are to remain confidential.
Japan Display Inc. stated in a statement that it was pursuing opportunities so as to strengthen its competitiveness in the market, including building a new production plant. However, no formal talks have undertaken about the matter.
The plant will be most likely located in Ishikawa, central Japan,. The source also added that the plant will boast a capacity greater than company’s other existing plant in Mobara, which is located to the southeast of Tokyo. This existing plant produces nearly 50,000 sheets of the 1.5 by 1.85 metre per month for screens of iPhone 6 other uses.
Japan Display Inc.’s CEO Shuichi Otsuka had also said in a statement made in the last year that the company would need a new plant as it was reaching production capacity at its plant in Mobara.