Taiwan-based touch panel maker TPK Holding has said that it has not yet reached a definitive agreement for a deal to make equity investment in the cash-strapped Japan Display (JDI).

Earlier market reports indicated that JDI had struck a deal to accept a JPY60 billion (US$541.44 million) investment from Suwa Investment Holdings, a consortium formed by TPK and other Taiwan- and China-based companies.



The deal has not been finalized as the two sides are still evaluating the way for completing the transaction and as to how JDI will continue to operate after accepting the investment from the consortium, according to Leo Hsieh, president and CEO of TPK.

TPK and JDI are complementary to each other, and technology transfers that will result from the deal will add variables and challenges to the display market, which is facing oversupply over the long term, Hsieh said.

News Source: DigiTimes