Samsung Display To Finally Shut Down LCD Business!

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Samsung Display will finally shut down its LCD business in June, closing a chapter in its history!

Here is what we know so far…

 

Samsung Display To Finally Shut Down LCD Business!

Samsung Display originally sought to close its LCD business in 2020, even selling its LCD plant in Suzhou to CSOT, a Chinese company owned by the TCL conglomerate.

Their original 2020 plan to shut down their LCD business was derailed by the COVID-19 pandemic, which caused a surge in LCD prices. Samsung decided to continue their business, until end of 2022. However, LCD prices have fallen rapidly recently, with price pressure from Chinese and Taiwanese rivals.

Its parent company, Samsung Electronics, was their largest buyer; but even it has agreed to purchase displays from Chinese and Taiwanese companies like BOE Technology Group and AU Optronics Corps.

Samsung Display To Finally Close LCD Business!

 

Samsung Display To Finally Shut Down LCD Business!

In light of such challenging market conditions, Samsung Display decided to close its LCD business six months earlier.

From June 2022 onwards, Samsung Display will stop producing LCD panels used for large TV screens, and focus instead on manufacturing OLED (Organic Light Emitting Diode) and Quantum Dot displays.

Employees from its LCD display business are expected to be transferred to its Quantum Dot display business.

 

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

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