Japan Display, HKC end tie-up talks on OLED display plant in China - Nikkei
29/09/2023 05:29
TOKYO, Sept 29 (Reuters) - Japan Display 6740.T and
China's HKC Corp have ended their talks over building an organic
LCD panel plant in China, the Nikkei reported on Friday.
The tie-up talks, launched in April, sought to build
display-making plants using Japan Display's eLEAP OLED
technology and start mass production in 2025. In June, they had
delayed the deadline for an agreement to September.
The companies could not agree on the licensing fee HKC was
to pay for Japan Display's technology, while China's economic
slowdown and HKC's recent withdrawal of its initial public
offering to the Shenzhen Stock Exchange likely affected the
talks, Nikkei said.
(Reporting by Kantaro Komiya
Editing by Chang-Ran Kim)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))