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6740 Japan Display News Story

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Japan Display unveils tech to extend smartwatch battery life

TOKYO, March 30 (Reuters) - Japan Display  6740.T  on
Wednesday said it planned to begin production of new display
panel components it says can significantly lower power
consumption and extend the battery life of smart watches and
other consumer electronics.   
    The maker of small displays used in smartphones, cars and
other products is in "discussions with multiple customers and
plans to start mass production from 2024," the company, which
counts Apple Inc  AAPL.O  among its biggest customers, said in a
news release. 
    Japan Display, which expect an operating loss of 11.3
billion yen ($93 million) in the year ending March 31, has
struggled amid tough competition and as customers shift to
organic light emitting diode (OLED) displays. More recently, it
has had to curb production because of semiconductor shortages.
    Covered in tiny transistors, the component, known as a
backplane, makes up one of the layers in a LCD. They are also
used in OLED panels.
    Japan Display says its new backplane consume as much as 40%
less power than conventional components and also improves screen
resolution making it suitable for virtual realty devices.
    The company said it expects the new display component to
generate 50 billion yen ($411 million) in sales annual within
five years.  
    ($1 = 121.7800 yen)

 (Reporting by Tim Kelly; editing by Jason Neely)
 ((tim.kelly@thomsonreuters.com; +813-6441-1311;))

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