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G7 summit to be held in Japan next year

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Tokyo: Japan will host a summit meeting of the Group of 7 industrialized nations (G-7)on May 26-27 next year in the city of Shima, authorities said on Tuesday.

Chief Cabinet Secretary, Yoshihide Suga said, “ The country will also host ministerial meetings such as those relating to foreign affairs and finance. However the time and venue have not been confirmed up yet”,  Xinhua news agency reported. “The government will do its best for the success of the summit,” he said.

The G7 countries comprise Britain, Canada, France, Germany, Italy, Japan and the US.

(IANS)

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Apple Plans To Buy LCD Assets Worth $200 Million From Japan Display

The sale to both Apple and Sharp was reportedly delayed in the wake of new coronavirus pandemic

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Apple
According to a Nikkei Asian Review report, Japan Display (JDI) has been in negotiations with "Apple and Sharp to sell its Hakusan liquid crystal display plant" owing to "poor sales of iPhone panels". Pixabay

Apple is reportedly buying $200 million worth of assets like LCD equipment from troubled panel maker Japan Display, the media reported on Wednesday.

According to a Nikkei Asian Review report, Japan Display (JDI) has been in negotiations with “Apple and Sharp to sell its Hakusan liquid crystal display plant” owing to “poor sales of iPhone panels”.

The sale to both Apple and Sharp was reportedly delayed in the wake of new coronavirus pandemic.

“JDI decided to sell LCD production equipment to Apple first and real estate to Sharp later,” the report mentioned.

By offloading Hakusan, JDI would concentrate smartphone LCD panel production at the Mobara plant in Chiba Prefecture.

Apple
Apple is reportedly buying $200 million worth of assets like LCD equipment from troubled panel maker Japan Display, the media reported on Wednesday. Pixabay

JDI started its operation on April 1, 2012. As of March 2014, JDI was one of the major suppliers of displays for Apple’s iPhone.
It was also a major display supplier of Nintendo Switch along with Sharp Corporation until 2017.

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A newly-created entity INCJ, Ltd. had become the major shareholder of Japan Display with 25,29 per cent of total shareholdings since September 21, 2018 as a result of a corporate split of the old the Innovation Network Corporation of Japan (INCJ). (IANS)

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