TOKYO (Reuters) - Shares of Japan Display Inc jumped as much as 24 percent on Wednesday after the Nikkei business daily reported the company had developed a way to mass-produce lower-cost organic light-emitting diode (OLED) screens and would start as early as in 2019.
The Nikkei said Japan Display had started approaching dozens of potential investors including Sony Corp (T:6758) and Canon Inc to raise 100 billion yen ($888 million) for mass production.
Japan Display said in a statement the reported details were not something it announced but that its group firm JOLED was considering ways to utilize its domestic factory for mass production of OLED panels.
($1 = 112.5700 yen)