SYNERGY: The touch sensor supplier dismissed speculation that negotiations to acquire a 50 percent stake in the Japanese display manufacturer have broken down
Date: May 17, 2019
By: Lisa Wang / Staff reporter
TPK Holding Co (宸鴻), a touch sensor supplier for Apple Inc’s iPads, yesterday said it is seeking to wrap up talks for a 50 percent stake in Japan Display Inc (JDI) by the end of this year.
The Taipei-based company said that it is not giving up yet, as the deal would create synergy for the company’s touch business, TPK chairman Michael Chiang (江朝瑞) told reporters on the sidelines of the firm’s annual shareholders’ meeting in Taipei.
The deal would help secure panel supply from the Tokyo-based maker based on a proposed supply agreement by TPK, with an aim to boost TPK’s role in the supply chain, enlarge its customer base and expand its market share in automotive displays.
“The negotiation is still going on. We cannot disclose details, but what I can tell you is that we are working together toward solving differences between the two parties,” Chiang said in response to a shareholder’s question about the deal. [FULL STORY]