Samsung to Stop LCD Panel Production by 2020

Samsung to Stop LCD Panel Production by 2020
Samsung will reportedly finish the manufacturing of LCD panels in South Korea and China. According to Reuters, the South Korean tech big will cease LCD productions by the top of this yr.

The step follows Samsung’s earlier announcement of suspending certainly one of its two LCD manufacturing traces in South Korea final October on account of diminished demand.

The firm, nevertheless, will fulfill all the present LCD orders by the top of 2020. “We will supply ordered LCDs to our customers by the end of this year without any issues,” a Samsung spokesperson informed Reuters.

It is price noting that Samsung announced its 13.1 trillion received ($10.72 billion) 5-year funding plan to improve its LCD manufacturing traces in South Korea to concentrate on the manufacturing of Quantum Dot OLED panels final yr.

However, the plans relating to the way forward for its Chinese LCD manufacturing traces stay unsure for now. It is probably going that Samsung could make the most of its Chinese factories for specializing in Quantum Dot OLED panels to remain forward of LG.

With Samsung out of the scene, corporations like Apple should depend on different suppliers for assembly their LCD wants. However, there are stories suggesting that Apple would change to Mini-LED show for its iPads and MacBooks.

Samsung isn’t the one firm leaving LCD behind in favor of higher and much-sophisticated show applied sciences. One of Samsung’s main opponents within the show market, LG, has additionally introduced it’ll cease the manufacturing of LCD TV panels to concentrate on QLED and OLED panels by the top of the yr.

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