Japan Display to sell panel production equipment amid restructuring
FUMIE YAKU
TOKYO -- Japan Display plans to sell LCD and OLED panel production equipment at its Mobara fab in Chiba prefecture instead of moving it elsewhere for the plant's closing.
Having abandoned the idea of relocating the equipment to its other remaining fab, the company will stop making panels for the Apple Watch. Japan Display has long struggled financially, forcing it to scale down operations.
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Japan Display to sell panel production equipment amid restructuring
A Japan Display employee works at the company's Mobara plant, which is now expected to close by year-end, earlier than initially planned. (Photo obtained by Nikkei) FUMIE YAKU TOKYO -- Japan Display plans to sell LCD and OLED panel production equipment at its Mobara fab in Chiba prefecture instead of moving it elsewhere for the plant's closing. Having abandoned the idea of relocating the equipment to its other remaining fab, the company will stop making panels for the Apple Watch. Japan Display has long struggled financially, forcing it to scale down operations.
