Samsung: The company shuts down LCD manufacturing six months ahead of schedule

Samsung Display will stop producing LCDs at the end of June, six months ahead of the previously planned deadline.

According to industry sources, competition was too strong, and Samsung Group wished to reduce its losses.

Samsung Display will concentrate on producing OLED and QD panels, with staff expected to transfer to the QD division.

According to Display Supply Chain Consultants, the price of an LCD is 36.6 percent lower than it was in January 2014, when the component was at its peak manufacturing.

This is due in large part to manufacturers such as BOE from China and AU Optronics from Taiwan joining the fight and offering lower pricing to customers.

Samsung had planned to shut down its LCD business in 2020, but with the launch of COVID-19 and the demand for cheaper home entertainment devices, the company opted to postpone this major step.

Company personnel were unavailable for comment, and we have no information on the investment plan’s specifics at this time.