Chinese investors invested 4.8 billion yuan in Apple supplier JDI to become the largest shareholder

  According to Reuters, Apple's display panel supplier Japan Display Inc (JDI) today announced that it will receive a capital injection of 117 billion yen ($1.1 billion) from Chinese investors and corporate shareholders. This time, Chinese investors who will invest in JDI include the Chinese investment fund Harvest Fund and Taiwan's touch panel maker TPK Holding, who will invest 80 billion yen (about 4.8 billion RMB) in JDI by purchasing stocks and bonds.

In addition, the remaining portion of the investment will come from JDI's major shareholder. Upon completion of the transaction, the Chinese investor will own a 49.8% stake in JDI, replacing the capital-funded INCJ fund and becoming the largest shareholder of JDI.

In fact, there were reports in January that the disappointing performance of the Apple iPhone XR is affecting the global supply chain, leading JDI to seek assistance from Chinese investors. Informed sources said at the time that JDI is in deep negotiations with TPK Holding and China Silk Road Fund on 30% equity investment.