Struggling display maker Japan Display reportedly still owes Apple a whole lot of cash for one of its factories.
Apple paid a large chunk of the $1.5 billion in costs to build an LCD factory in 2015. In return, Japan Display would pay Apple a percentage of screen sales. Unfortunately, things have gone south since then — and Japan Display’s factory is running at only half capacity. Due to the way the deal is structured, the company reportedly owes Apple “a majority of the construction cost.”