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Japan Display (6740.T) said it is considering tapping new investors for capital to catch up in organic light-emitting diode (OLED) screens as its late entry into the technology is costing the display maker orders from its largest client, Apple (AAPL.O).The liquid crystal display (LCD) maker also outlined on Wednesday an operational overhaul under which it will streamline production lines and slash 3,700 jobs, or 30 percent of its workforce, resulting in a special loss of 170 billion yen ($1.55 billion) for the current year.

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LCD maker wrong-footed by shift to OLED screens in smarpthones. Money-losing Japan Display has asked its main creditors for around 100 billion yen ($893 million) to finance an ongoing turnaround effort as it faces a potentially formidable threat to its mainstay technology.

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Apple has decided to invest 3 trillion won (US$2.70 billion) in LG Display's OLED production for smartphones. Apple will reportedly make the investment as advance payment for the planned panel supplies from the Korean display maker.

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Augmented reality (AR) specialist WaveOptics (Oxfordshire, England) announced the completion of a second round of funding, netting the company $15.5 million dollars. The round featured existing backers such as Touchstone Innovations, Octopus Ventures, and Robert Bosch Venture Capital (RBVC), while being led by Gobi Ventures, a new Chinese investor.

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Foxconn, a giant manufacturer of electronics like Apple's iPhone and Microsoft's Xbox, said on Wednesday that it plans to open its first major American factory in Wisconsin.The announcement was made at the White House on Wednesday afternoon. White House officials said that the project would create 3,000 jobs and Foxconn will invest $10 billion into the factory.

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Samsung Electronics started reducing prices of its QLED TVs in North American market not just to increase market shares through reduction of prices but also to keep expansion of OLED TVs in check. If its strategy is applied to other countries, there is a chance that entire prices of QLED TVs might get reduced.

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