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Samsung to stop production of LCD panels this month

Samsung to stop production of LCD panels this month as Samsung would now shift the focus of production to QD-OLED screens.

In March of 2020 there were already messages announced that Samsung would stop producing LCD panels that year. The South Korean manufacturer saw the prices of televisions fall sharply and therefore the margins also shrink. Buying panels from other major manufacturers would be a way out.

However, that production stop did not go through, especially due to the arrival of the Corona pandemic. This pushed the demand for LCD TVs back up, as did prices. Now that that period is largely behind us, according to insiders, Samsung would see demand and prices fall again, making the production of LCD panels no longer profitable. It is therefore cheaper for Samsung to purchase the panels from manufacturers such as the Chinese BOE and the Taiwanese AUO. These parties can produce panels cheaper.

Samsung will therefore stop producing LCD panels this month, reports The Korea Times. Samsung would now shift the focus of production to QD-OLED screens and future imaging technologies such as microled. However, Samsung continues to bring LCD televisions to the market, such as the Neo QLED models. However, their LCD displays will come from other manufacturers in the future.

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