Japan Display is building a new manufacturing plant in an attempt to become the primary source for iPhone displays, according to Reuters. Apple will also invest in the $1.4 billion plant, which will be used to build LCD displays, according to the report. According to a report from The Wall Street Journal, Apple will cover the construction costs for the plant, and in return get the majority of the displays it produces. Last year, Japan Display’s stock tumbled after it announced it would have to delay shipments, reportedly meant for Apple, according to Bloomberg.
The new plant, which Japan Display says will increase its LCD production by 20 percent — and hopefully help avoid those kinds of delays — is expected to open in 2016.