Apple Supplier Japan Display Gets $640 Million Injection From Government Fund

Smartphone screen maker Japan Display will receive up to $639 million from Japan's public-private fund in an effort to bring the company to profitability.
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Smartphone screen maker Japan Display (JPDYY) , which relies on Apple (AAPL) - Get Report for more than half of its revenue, will receive up to $639 million from Japan's public-private fund in an effort to bring the company to profitability. Japan Display clocked losses for two consecutive fiscal years and admits it's too reliant on smartphones. The company is aiming to expand beyond smartphones and into the automotive space, among other areas.