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Samsung will cease producing LCD panels as quickly as subsequent month, in keeping with business insiders cited by The Korea Instances.
In 1991, a enterprise unit known as Samsung Show was shaped to supply the panels utilized in merchandise made by its mother or father firm, Samsung Electronics. Afterward, it was a number one provider of LCD panels not only for Samsung Electronics however for different firms within the business as properly.
However fierce competitors from different suppliers like China’s BOE closely impacted Samsung Show’s enterprise. As soon as the world’s main LCD panel producer, Samsung Show’s market share has dropped to only 2 p.c.
The enterprise obtained a keep of execution when the pandemic led to a worldwide surge in demand for client electronics, however that demand is now declining, and projections aren’t good for LCD panel income.
Add to that the truth that rising applied sciences like QD-OLED are the long run for TV and displays, and the case for holding Samsung Show’s LCD enterprise going turns into a tough one to make.
It was beforehand reported that Samsung deliberate to sundown the enterprise on the finish of 2020, however The Korea Instances claims that the faster-than-expected falloff in client demand accelerated the timeline.
Samsung Show will now focus closely on OLED and quantum dot. A lot of the workers working within the LCD enterprise will transfer to quantum dot, the publication claims.
The Korea Instances has precisely reported related tales like this earlier than, nevertheless it has additionally sometimes missed the mark, so maintain an eye fixed out for an official assertion from Samsung.
Even when there is not an announcement a couple of change in route, the writing has been on the wall for Samsung’s LCD enterprise. Until one thing radical adjustments, it is extra a query of when than if at this level.
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