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Japan Display may face U.S. scrutiny after bailout by Chinese-Taiwanese alliance

Nikkei reported on Saturday that Japan Display Inc. (JDI), a government-led venture that combined the liquid crystal display operations of Hitachi, Toshiba and Sony, may now come under close scrutiny by the U.S. government, which is taking a tough stance on China. The ailing company announced on Friday that it will receive a capital injection of 80 billion yen from an alliance of Chinese and Taiwanese companies, which will give them control of 49.8% of JDI shares. JDI is a major Apple supplier that holds nearly 20% of the global market share of LCDs for smartphones. Since LCDs fall within the 27 critical technologies being closely watched by the Trump administration for security reasons, JDI products may face strict CFIUS (Committee on Foreign Investment in the United States) national security examination due to the injection of Chinese capital, and the company’s exports to China may be restricted if they are deemed to contain U.S. technology.

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