A key Apple supplier, Japan Display, has raised $200 million from a “customer”, Reuters reported. There is speculation that the unknown source of cash was, in fact, Apple itself.
The $200 [sic] fund will come in the form of the customer purchasing equipment at Japan Display’s main smartphone screen factory in central Japan, the company said in a statement. As Japan Display owed Apple more than $800 million as of last year for the $1.5 billion cost of building the plant, the fund to be raised would be used for repayment, the sources have said.
Check It Out: Key Apple Supplier Raising $200 Million From Unknown ‘Customer’