Apple has finalized a $200m investment into Japan Display that would be used to buy equipment.
Up until now, Japan Display had collected $1.5b as a loan from Apple and paid off around $700m, leaving $800m to be paid. Adding to those the current $200m investment and Japan Display is back to a billion USD in debt to Apple.
With Apple’s $200m investment used as reassurance, Japan Display has managed to secure another $830m as an investment from an asset manager.
JDI has been one of Apple’s LCD makers and has been tasked with supplying Apple with OLEDs for the Apple Watch.