Japan Display Inc JNNDF is negotiating a sale price for its main Hakusan factory with Apple Inc. AAPL and Sharp Corporation SHCAY, according to Nikkei Asian Review.
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
What Happened
Japan Display (JDI), a display technology joint venture, is in discussion with Apple and Sharp to sell its Hakusan factory in Ishikawa Prefecture, sources told the Nikkei.
JDI could sell the factory to Apple for a price of between 80 billion and 90 billion yen ($730 million and $820 million), reports the Nikkei.
Sharp has already conformed it received a proposal to buy Japan Display’s Hakusan plant from one of its clients.
“We are carefully considering it, reviewing the impact that any purchase would have on our earnings, and whether and how much risk it would entail,” the company said in a statement.
Why It Matters
Japan Display, which mainly manufactures display panels for smartphones, temporarily stopped production at its Hakusan factory in July and extended the production halt beyond September due to poor sales.
The company earlier said it could get financial support of $200 million from one of its clients (which sources said was Apple) to buy equipment for its Hakusan plant.
It now looks like those talks have turned to the sale of the whole factory, sources told The Nikkei.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.