Apple is planning to invest $1 billion in a Sharp LCD plant, Reuters is reporting.
For several months, rumors have swirled that Apple is looking to invest heavily in Sharp's LCD plant. So far, however, the companies have not publicly said that they will, in fact, work together.
According to the news service, Apple's expected investment in Sharp's LCD plant stems from its desire to secure displays for its iPhones and iPads while limiting its reliance upon any single supplier. One such supplier, according to Reuters, is Samsung.