Samsung to Stop LCD Production in June End, Prepones Planned Deadline by 6 Months: Report

Samsung Display will reportedly move its focus on manufacturing organic light-emitting diode (OLED) and quantum dot (QD) displays.

By Edited by Gadgets 360 With Inputs From ANI | Updated: 31 May 2022 10:30 IST

Samsung to Stop LCD Production in June End, Prepones Planned Deadline by 6 Months: Report

Samsung had earlier planned to shut down its LCD business in 2020

Highlights

Samsung Display is competing with Chinese and Taiwanese firms
Average price index of LCD panels will fall to 36.6 in September
Due to COVID-19 and demand, the company postponed the previous deadline

Samsung Display will stop producing LCDs at the end of June, six months ahead of the previously planned deadline. Industry insiders revealed competition was too strong, and Samsung Group wished to reduce its losses.

According to a report in Korea Times, Samsung Display has taken the decision to end LCD production hobbled by a declining global competitive edge due to cheaper products made by its Chinese and Taiwanese counterparts. However, the company has not announced any investment plan details since.

A report from Display Supply Chain Consultants (DSCC), a US market research firm, stated that the average price index of LCD panels, measured against 100 in January 2014, will fall to 36.6 in September of this year. The figure has dropped farther from the record low of 41.5 in April of this year, and 58 percent lower than the record high of 87 in June 2021.

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

Samsung had earlier planned to shut down its LCD business in 2020, but due to COVID-19 and the demand for cheaper home entertainment devices (including low-cost smartphones and tablets), the company postponed this major step.

Samsung Display's decision to extend LCD production in South Korea for an unspecified period of time overrode its announcement in March that it would end all production by the end of the year to focus on more advanced technology. Samsung Display then announced that the length of the extension would depend on market conditions. It had said in late October that it was considering a "short-term" extension.

Company personnel were unavailable for comment, and there is information on the investment plan's specifics at this time.

Samsung Galaxy M13 With Exynos 850 SoC, 5,000mAh Battery Launched

Should you pick Vivo over Galaxy S22 and OnePlus 10 Pro? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.