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Toshiba to Invest 100 Billion Yen for LCD Plant, Nikkei Says

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Dec. 14 (Bloomberg) -- Toshiba Corp. will invest 100 billion yen ($1.2 billion) for a factory in Japan to supply liquid-crystal display panels for Apple Inc. iPhones, the Nikkei reported, without citing anyone.

Production at the plant, in Ishikawa prefecture, will start in the second half of 2011, the report said. Apple will pay a portion of the plant’s cost, it said.

Link to Company News:{6502 JP <Equity> CN <GO>} Link to Company News:{AAPL US <Equity> CN <GO>}

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

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