Japan Display , which supplies the liquid crystal display ( LCD ) panels used in tablets and other devices , has announced it is investing up to 110 billion yen ( $ 990 m ) in new funding this week . The manufacturer 's share price rose at the news by as much as 16 % . A fall in battery sales and increased use of organic light - emitting displays ( OLED ) in other smartphone models have hit the manufacturer 's profits . In February , the company reported a fifth year running of net losses . A merger of the display units of hp , Toshiba and Hitachi created Japan Display in 2012 .
Japan Display, which supplies the liquid crystal display (LCD) panels used in iPhones and other smartphones, has announced it is seeking up to 110 billion yen ($990m) in new funding this week. The manufacturer's share price rose at the news by as much as 16%. A fall in iPhone sales and increasing use of organic light-emitting displays (OLED) in other smartphone models have hit the manufacturer's profits. In February, the company reported a fifth year running of net losses. A merger of the display units of Sony, Toshiba and Hitachi created Japan Display in 2012.