Apple is reportedly considering a partnership with Japan Display that will see the Cupertino giant contributing a significant portion of money to build a new LCD display factory. Apple's investment in the venture is said to be 200 billion yen ($1.68 billion), and in return for the capital, priority will be given to the manufacture of iPhone displays.
The factory, which is slated to be constructed in Ishikawa next year, will manufacture LTPS (low temperature polysilicon) displays, which is the same display technology that is currently used in the iPhone 6 and iPhone 6 Plus. According to news sources, the factory could also transition into making OLED panels, similar to the one that will be used on the upcoming Apple Watch. The factory will not be exclusively manufacturing displays for Apple, with Japan's new publication Nikkan Kogyo stating that it will cater to other vendors as well.
Japan Display's upcoming factory isn't the only one Apple is considering, as the manufacturer is also said to be negotiating a deal with Foxconn, which recently built a $2.6 billion facility "for a single client".