Apple eyes $1bn outlay into Sharp for iPad screens

Apple eyes $1bn outlay into Sharp for iPad screens

Summary: iPhone and iPad maker Apple is likely to invest around $1bn (£609m) in a LCD-making plant operated by Sharp, according to a display industry analyst.The predicted move, borne out by unnamed sources quoted by Reuters, would come as Apple is fighting a court battle with key supplier Samsung over patents.

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TOPICS: Tech Industry
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iPhone and iPad maker Apple is likely to invest around $1bn (£609m) in a LCD-making plant operated by Sharp, according to a display industry analyst.

The predicted move, borne out by unnamed sources quoted by Reuters, would come as Apple is fighting a court battle with key supplier Samsung over patents.

"We think it is highly possible that Apple will make an investment in Sharp's Kameyama plant to the tune of around $1 billion in order to secure a stable supply of screens for iPhones and iPads," MF Global FXA Securities analyst David Rubenstein said in a sales note issued on Wednesday.

In June, Japan-based Sharp announced that it would shift production at its Kameyama plants 1 and 2 from large LCD panels to panels for smartphones and tablets.

Apple and Korea-based Samsung have been locked in a dispute over Android-related patents in the US International Trade Commission, in California district court and in Australia, Japan and South Korea. The iPhone maker has also begun a case in Germany against Samsung, but that case is based on allegations that Samsung's Galaxy Tab 10.1 copies the design of the iPad.

Topic: Tech Industry

Karen Friar

About Karen Friar

Karen Friar is news editor for ZDNet in the UK, based in London. She started out in film journalism in San Francisco, before making the switch to tech coverage at ZDNet.com. Next came a move to CNET News.com, where she looked after west coast coverage of business technology, and finally a return to her homeland with ZDNet UK.

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