Continued support for reconstruction of public-private fund INCJ Japan Display December 20, 20:11
Toshiyuki Shiga, chairman of the public-private fund INCJ, which supports Japan Display, a liquid crystal panel manufacturer under management restructuring, said at a press conference on the 20th that it wasn't spending money where there was no prospect of renewal. Stressed the idea of supporting
INCJ, a public-private fund, has supported ¥ 462.0 billion through investments and debt guarantees in LCD display manufacturer Japan Display, which is in the process of restructuring due to excessive debt.
INCJ Chairman Shiga said at a regular interview on the 20th that Japan Display was not using money where there was no prospect of regeneration. Japan used to have a large share of semiconductors and lithium-ion batteries in the world. "I don't want to create the same situation with a liquid crystal display with technology yet."
“Liquid crystal display is an industry that has grown with Japanese technology, and we have supported it in the light of increasing demand accompanying the progress of digitization.
Japan Display has often shaken its support framework, including the withdrawal of financial support agreements by Chinese funds, but this month by raising up to 90 billion yen from an independent asset management company based in Singapore. Basic agreement was reached.
Mr. Shiga said, “We are welcoming because there is a high probability of receiving funds. We hope that discussions will proceed soon.”