Samsung to stop LCD production at the end of June: report

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Samsung Display will stop producing LCDs at the end of June, six months ahead of the previously scheduled TAUT. Industry insiders revealed that the competition was too strong and the Samsung Group wanted to cut its losses.

According to a Korea Times report, Samsung Display has made the decision to end LCD panel production hampered by a declining global competitive advantage due to cheaper products made by its Chinese and Taiwanese counterparts. However, the company has not announced any investment plan details since.

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A report by Display Supply Chain Consultants (DSCC), an American market research company, indicates that the average price index for LCD panels, measured against 100 in January 2014, will fall to 36.6 in September this year. The figure fell further from a record low of 41.5 in April this year, and 58% lower than the record low of 87 in June 2021.

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Samsung had previously planned to close its LCD business in 2020, but due to COVID-19 and demand for cheaper home entertainment devices (including low-cost smartphones and tablets), the company postponed this step. major.

Samsung Display’s decision to expand LCD production in South Korea indefinitely reversed its announcement in March that it would end all production by the end of the year to focus on a more advanced technology. Samsung Display then announced that the duration of the extension would depend on market conditions. He said at the end of October that he was considering a “short-term” extension.

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Company staff were unavailable for comment, and there is currently information on the details of the investment plan.


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