Apple has quite a bit of money to do with what it pleases, like build a car, but usually it means making investments towards making their current products even better in some way or another.
According to a report published by Reuters, Japan Display is building a brand new LCD plant that’ll take about $1.4 billion to achieve. While Japan Display has not named Apple specifically as an investor in this new plant, the report states, based on a person familiar with the matter, says that Apple is indeed investing, but the amount of money it’s investing is unknown:
“The company did not name Apple, in line with its policy of not identifying clients. A person familiar with the matter said Apple would also invest an unspecified amount in the plant, which would further the Japanese screen maker’s aim of becoming the primary supplier of high-tech screens for iPhones.“
Japan Display’s goal to be a primary supplier for Apple is certainly a lofty one, considering many companies vie for that “primary supplier” gig all year long, for Apple’s wide range of products.
This does follow in line with reports that surfaced in February that suggested Apple and JDI were in talks to build a $1.7 billion display factory in Japan.[via Reuters]