Last week we posted that Japan Display is set to raise its stake in JOLED for $100 million, following a $650 million USD cash injection from INCJ to grow its LCD and OLED business. JDI today confirmed this plan. The company received 45 billion yen ($382 million US) from INCJ in the form of unsecured subordinated convertible bonds and these funds will be used for R&D expenses on printing OLED technologies (and will probably include the $100 million for JOLED).
JDI also received 30 billion yen (about $255 million US) from INCJ in the form of subordinated loan, and this money will go towards OLED R&D in the field of evaporation OLED technologies.
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