Japan Display to raise stake in OLED panel maker

Tokyo

JAPAN Display Inc will pay more than US$100 million to boost its stake in an organic light-emitting diode (OLED) panel maker, the Nikkei business daily said - a step that would improve its position in a key technology where it lags far behind rivals.

Manufacturers of consumer and other electronics are increasingly looking to adopt OLED screens, which are generally thinner and more flexible than liquid crystal display (LCD) screens. South Korean display makers in particular are investing billions of dollars in production lines.