Apple reportedly invested $100 million of its own in Japan Display’s bailout plan
Japan Display was born in 2011 when The Innovation Network Corporation of Japan (INCJ), Sony, Hitachi, and Toshiba merged their respective LCD divisions. The company started churning out LCD displays on April 1, 2012. In 2015, Apple fronted the company most of the money it needed to build a new $1.5 billion LCD production facility which is currently running at half capacity. Apple was supposed to be repaid through a percentage of each display sold. The latest report shows that Apple is still owed the majority of the money that it laid out to build the facility.