Japan & US Team Up for Display Factory, Boosting US Production

0:00On March 9th, Tokyo and Washington are teaming up with Japan display to build a display factory in the United States. This is part of Japan's massive $550 billion investment push. The goal is to boost American production of screens needed for military gear. The move comes as the U.S. worries about depending too much on China for these key technologies. Japanese firms have mostly left the market due to tough price wars. Japan display, a merger of Olsoni, Toshiba, and Hitachi units, used to lead in liquid crystal displays but has faced losses for years after Apple. Switch to newer organic light emitting diode screens. Word of the deal sent Japan display shares skyrocketing 80% on Monday that put the long time money loser at a value of $190 billion or about $1.2 billion. Investors clearly see fresh hope here. This factory project, pegged around $13 billion, is one of several U.S. Japan deals in the works.

1:02Officials are also eyeing a nuclear power venture with Westinghouse as part of broader tear for agreements. Meanwhile, China still rules the display world and is set to grow its share even more. But this partnership could help shift some balance back toward the U.S. and its allies.