The employees of the LCD businesses are expected to be transferred to the QD businesses. Samsung Display will no longer produce LCDs used for large TV screens and focus instead on manufacturing organic light-emitting diode (OLED) and quantum dot (QD) displays. ![]() The display affiliate initially sought to close its LCD business in late 2020, but the plan was delayed at the request of its parent company, Samsung Electronics, due to a sudden spike in LCD prices amid the COVID-19 pandemic. The figure has dropped farther from the record low of 41.5 in April of this year, and 58 percent lower than the record high of 87 in June 2021.Īlso factored in was Samsung Electronics, the largest buyer of Samsung Display products, partnering with overseas LCD suppliers, including BOE Technology Group, a Chinese electronic components producer and AU Optronics Corp. market research firm, the average price index of LCD panels, measured against 100 in January 2014, will fall to 36.6 in September of this year. The decision by the display affiliate of Samsung Group came six months sooner than expected, due in large part to rapid losses from falling LCD prices.Īccording to Display Supply Chain Consultants (DSCC), a U.S. No investment plan details have since been announced. Samsung Display has decided to close its liquid-crystal display (LCD) business in June, hobbled by a declining global competitive edge due to cheaper products made by its Chinese and Taiwanese counterparts, according to the industry, Sunday. Samsung Display's manufacturing plant in Asan, South Chungcheong Province.
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