State-backed INCJ looking to pump ¥50 billion into ailing Japan Display, possibly more

The Japan Times 

Innovation Network Corp. of Japan, a government-backed investment fund, is considering providing more than ¥50 billion in financial support for Japan Display Inc., according to sources. Such a measure is being discussed as the ailing display maker is having difficulty procuring funds for strategic investment. The sources said the amount of support may balloon to around ¥100 billion. INCJ believes the display business holds the key to the future of the struggling company amid the rapid popularization of Internet of Things products and services, an INCJ executive said. Therefore, the investment fund hopes to help Japan Display accelerate efforts to realize mass production of organic electroluminescent displays, considered next-generation products, and develop new liquid crystal displays.

  Country: Asia > Japan (1.00)
  Industry: Banking & Finance > Trading (0.87)
  Technology: Information Technology (0.40)