Shares in Apple supplier Japan Display were up by as much as 6% at one point on Wednesday amid media reports that the company was in talks with Chinese firms regarding $1.8bn in potential investment.
Japanese news agency Kyodo News reported that Chinese technology companies BOE Technology, Shenzhen China Star Optoelectronics Technology and Tianma Microelectronics were considering the investment.
Japan Display has been highly dependent on orders related to Apple´s iPhone. Last year the company was forced to accept a $640m bailout from Innovation Network Corporation of Japan, a state-backed fund that helps hard-pressed Japanese manufacturers.
Japan Display shares were 3.08% higher as at 0805 GMT.