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Apple Scraps In-House Effort to Make Watch Displays, Cuts Jobs
(Bloomberg) -- Apple Inc. is winding down a long-running project to design and develop its own smartwatch displays, putting an end to another pricey research and development initiative.Most Read from BloombergNY Gears Up to Seize Trump Westchester Assets If Fraud Fine Is UnpaidBaltimore Wants to Sell Hundreds of Vacant Homes for $1 EachWhat Happens If Trump Can’t Post His $454 Million BondChina Scrutinizes PwC Role in $78 Billion Evergrande Fraud CaseYemen’s Houthis Tell China, Russia Their Ship
So Apple is now reorganizing the teams that handle display engineering and eliminating several dozen roles in the US and Asia, said the people, who asked not to be identified because the matter is private. Though Apple owned the design and manufacturing process for the microLED screens, it enlisted a number of partners to handle mass production and tasks like LED transfers. That included AMS-Osram AG, which said the cancellation would force it to cut jobs, potentially sell a manufacturing plant and record a writedown that could approach $1 billion.
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