Japan Display Announces Partnership With China's HKC Corporation

Japan Display Inc announced an agreement with China's HKC Corporation Ltd (HKC) on Monday to collaborate on next-generation OLED technology, chip manufacturing, and vehicle displays, sending the Japanese company's shares up 10.5%.

Japan Display and HKC will collaborate to develop and build fabs employing Japan Display's eLEAP OLED technology, with mass production beginning in 2025, according to the Japanese business.

Japan Display is contemplating more than one facility as part of its partnership with HKC, according to Chief Executive Scott Callon, who said that the collaboration will bring together Japan Display's technology and HKC's cost competitiveness.

Japan Display, a manufacturer of phone and computer screens, is reorganising its faltering businesses.

Ichigo Trust, domiciled in the Cayman Islands, owns the bulk of the firm. Callon also serves as the CEO of Ichigo Asset Management, an allied Japan-focused investment firm.

Japan Display was founded in 2012 by a government-brokered merger of Hitachi Ltd, Toshiba Corp, and Sony Corp's LCD companies.