TOKYO -- Japanese autoparts maker Denso is investing 30 billion yen ($282 million) in JOLED, a spinoff of Sony's and Panasonic's display businesses, hoping to catch up with the South Korean competition in automotive panels.
Denso will take a roughly 15% interest through a private placement of new shares, becoming one of the biggest stockholders after the state-backed Innovation Network Corp. of Japan. Japan Display also holds a 15% stake in JOLED.
