Samsung to shut down all its LCD panel factories this year


Samsung

South Korean manufacturing giant, Samsung, is the top OLED display maker in the world. Samsung OLED display is actually second to none and more manufacturers are now using its display. However, as its OLED display strives, it sees no need to retain the more competitive LCD line. Last month, there were speculations that Samsung will cease the production of LCD panels to concentrate on OLED displays. Now, there is an official confirmation that Samsung will close all its LCD panel factories this year.

Samsung Display

However, Samsung’s plan is to switch its main efforts to QD quantum dot panels and OLED panels. Nevertheless, Samsung still has products that require LCD panel support. According to reports, Sharp (another South Korean company) will be the sole supplier of LCD panels for Samsung Electronics in the future.

At present, major market share holders of the global LCD business are Chinese manufacturers, including BOE and Huaxing Optoelectronics. The South Korean company was once a force in the LCD panel market. It has two LCD panel factories in China and two LCD production lines in South Korea. However, because of the intense competition in the LCD market in recent years, panel prices are plummeting. This made the market unfavourable for the likes of Samsung and it is now quitting the business.

Many thanks to Chinese manufacturers, if they didn’t come with better price-to-performance ratio for LCD panels, there would have been no competition and the prices would have remained high.

Source/VIA :
Previous Samsung Galaxy M10, M10s and M20 discontinued in India
Next Rugged Ulefone Armor X7 gets a waterproof test