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Apple Grants $100 Million Lifeline to Ailing Japan Display

  • The iPhone maker joins Chinese fund Harvest’s investment
  • Japan Display is still a ways away from its original target
Apple Hires Key Chip Designer From ARM as Own Efforts Ramp Up
Photographer: Michael Nagle/Bloomberg
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Apple Inc. is providing a $100 million lifeline to Japan Display Inc., a person familiar with the matter said, shoring up a key smartphone display supplier that’s trying to salvage a bailout package after multiple investor departures.

The U.S. company is stepping in after Taiwan’s TPK Holding Co. withdrew from a $1.1 billion rescue plan for the Japanese firm, the person said, asking not to be identified discussing a private deal. Cosgrove Global Ltd. and Topnotch Corporate Ltd. pulled out shortly after, leaving the bailout in limbo.