6 days ago
Japan Display cancels funding in Taiwan startup PanelSemi
TOKYO -- Panel maker Japan Display will abandon plans to invest in Taiwanese startup PanelSemi, the Japanese manufacturer said Monday, citing rising "geopolitical risks."
The two companies signed a memorandum of understanding in February that entailed a capital and business alliance, but they have agreed to terminate the memorandum due to the "recent intensification of geopolitical risks surrounding the semiconductor industry," Japan Display said in a statement.
