TOKYO -- Money-losing Japan Display has asked its main creditors for around 100 billion yen ($893 million) to finance an ongoing turnaround effort as it faces a potentially formidable threat to its mainstay technology.
The Tokyo-based manufacturer of liquid crystal display panels, also known as JDI, requested the loan from lenders including Mizuho Bank and Sumitomo Mitsui Banking Corp. Innovation Network Corp. of Japan, the government-backed fund that is Japan Display's largest shareholder, will provide indirect support in the form of loan guarantees.
