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TOKYO (Reuters) - Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, two sources said, a breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple. The supply deal would mark Japan Display’s foray into the OLED display market, the two sources familiar with the matter said, declining to be identified because they are not authorized to speak to the media. A spokesman for Japan Display said he could not comment on specific customers.
Japan Display’s mainstay liquid crystal display (LCD) business has been slumping due to Apple Inc’s recent shift away from LCD, and disappointing sales of the iPhone XR, the only LCD model in Apple’s 2018 line-up, The OLED display market is dominated by Samsung Electronics unit Samsung Display and LG Display, with Chinese players quickly catching up, OLED displays are generally thinner and allow more flexibility than LCD screens, Samsung Display is currently the exclusive supplier of OLED panels for iPhones, while LG Display provides a majority of panels vintage university of nebraska cornhuskers cufflinks for the Apple Watch..
Hiroshi Hayase, senior director at IHS Markit, said it is a positive step for Japan Display, but added that the company would face a tough road ahead. “Hurdles would be high to win orders for iPhones,” Hayase said. “Samsung Display has built up its experience, technologies and production capacity over more than a decade. Can Japan Display really compete with such a rival and make ends meet?”. Shares of Japan Display jumped as much as 7.6 percent in Tokyo trade on Wednesday after the Reuters report. The stock finished up 6.3 percent at 84 yen.
Japan Display, which gets more than half of its revenue from Apple, has a small OLED pilot line at a smartphone screen plant in eastern Japan, It is seeking investment from a group that includes China Silkroad Investment Capital (CSIS), sources have told Reuters, The company has said it is aiming for as much as $990 million in fresh financing, The Nikkei business daily reported on Wednesday the company board would vote on investment plans by the start of next week, Japan Display and the group are planning to build an OLED panel plant vintage university of nebraska cornhuskers cufflinks in China using Japan Display’s technology to produce smartphone panels, which need a larger line that normally costs 200 billion yen ($1.8 billion) or more to launch, the sources told Reuters..
BERLIN (Reuters) - Commerzbank’s executive board is due to decide on April 9 whether to intensify merger talks with Deutsche Bank or back away from a deal, German business weekly Wirtschaftswoche said on Wednesday. The magazine said Commerzbank’s management is scheduled to discuss how to proceed in the merger talks during its next regular session, Wirtschaftswoche added, citing company sources and an internal memo. Commerzbank and Deutsche Bank declined to comment. Upon initiating formal talks with Deutsche Bank on March 17, Commerzbank chief executive officer Martin Zielke told bankers that management aimed for a decision on whether to go forward with a merger in the next two to three weeks, two sources with knowledge of the matter said at the time.
ZURICH (Reuters) - Roche Holding said its effort to expand in gene therapy via the $4.3 billion takeover of Spark Therapeutics remained on track despite failing to get enough votes to clinch the deal and as U.S, regulators vintage university of nebraska cornhuskers cufflinks continued scrutinizing it, The Swiss company said it was extending its offer to May 2 from the original deadline of Wednesday, having received support from holders of only 29.4 percent of Spark shares, It needs a majority for its offer to go through, A spokesman said Roche remained confident the deal would be completed by the end of June..
“All terms and conditions of the offer shall remain unchanged during the extended period,” Roche said in a statement on the $114.50 per share offer it announced in February. Roche also said a review of the acquisition by the U.S. Federal Trade Commission (FTC), the government agency which seeks to prevent anti-competitive practices, was taking more time than anticipated and its plans had had to be refiled. It did not give any further detail on the refiling but said it had been agreed with the FTC and with Spark.
“The FTC review and clearance is required for the deal to be completed and needs more time,” a Roche spokesman said, “The deal is not in doubt at all and we expect it will be completed according to our guidance in the first half of 2019, There needs to be more than 50 percent of the shares to be tendered, but we believe our offer to be full and fair and it has been recommended by the board of Spark,” the spokesman added, Spark shares closed at $114.01 on Tuesday, Roche shares were down vintage university of nebraska cornhuskers cufflinks 0.3 percent in early trade..