Samsung to end LCD panel production by the end of the year

Samsung, one of the biggest consumer electronics producer is not only popular for its premium smartphones but specializes in an array of other consumer electronics including- TV, laptop, smartwatch, VR headset, (if you’ve forgotten they sell washing machines too) among others. The company has made a huge investment in industry electronics like LCD screens, semiconductors, memory chips, etc.

While the South Korean tech giant is given credit for developing flat LCD models, the company now seems to be shifting its focus to the more advanced technology- AMOLED. As per a Reuters report, Samsung Display will cease the production of LCD by the end of this year.

At present Samsung runs two LCD production lines in South Korea and two in China. The company had already suspended one of its two LCD production lines in South Korea in October due to lack of demand and abundance of supply as well.

However, as per the report, Samsung Display cited that it will be able to continue supplying current orders for LCD panels through the end of this year. Notably, Samsung in October laid out its plans to invest 13.1 trillion won ($10.72 billion) to upgrade its LCD production lines to make QLED panels.

Although the company had announced its plans to upgrade both its LCD plants in its home turf to QLED plants, Samsung hasn’t shared any details regarding the two LCD manufacturing plants in China. The company is said to be investing in research and development on Quantum Dot OLED panels. The company is reportedly said to be using OLED instead of LCD panels in its future Quantum Dot TVs.

While reports suggest that the LCD production lines in Korea will change over to ‘mass-production’ of quantum dot panels over the ‘next five years,’ Samsung is likely betting on this investment to counter its rival LG in the tele sphere.