Samsung to Stop LCD Panel Production by 2022
Samsung will reportedly end the production of LCD panels in Republic of korea and China. Co-ordinate to Reuters, the South Korean tech giant will stop LCD productions by the terminate of this year.
The footstep follows Samsung's previous declaration of suspending one of its two LCD product lines in South korea last Oct due to reduced demand.
The company, nonetheless, will fulfill all the current LCD orders by the cease of 2020. "We will supply ordered LCDs to our customers past the end of this year without any issues," a Samsung spokesperson told Reuters.
Information technology is worth noting that Samsung announced its 13.one trillion won ($10.72 billion) 5-year investment plan to upgrade its LCD product lines in S Korea to focus on the production of Quantum Dot OLED panels last year.
However, the plans regarding the hereafter of its Chinese LCD production lines remain uncertain for now. It is likely that Samsung may utilize its Chinese factories for focusing on Quantum Dot OLED panels to stay ahead of LG.
With Samsung out of the scene, companies similar Apple will have to rely on other suppliers for meeting their LCD needs. Nonetheless, there are reports suggesting that Apple would switch to Mini-LED display for its iPads and MacBooks.
Samsung is non the simply company leaving LCD backside in favor of meliorate and much-sophisticated display technologies. One of Samsung's primary competitors in the display market, LG, has as well announced information technology will stop the product of LCD TV panels to focus on QLED and OLED panels by the finish of the year.
Source: https://beebom.com/samsung-lcd-panel-production-2020/
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