Last week Japan Display announced a new strategic shift to OLED technologies, as its LCD business is losing money and the company now says that a transformation into an OLED-focused company is its last chance to become profitable.

JDI said it will need to raise new funds to finance this focus shift and overcome its losses. An interesting report from Japan claims that Foxconn is interested in acquiring JDI with an aim to integrate it with Sharp to create a Japanese OLED alliance that will be able to compete with Samsung and LGD.