Samsung Display will stop LCD panel production by the end of this year and turn their activities fully to OLED and other display technology.
Samsung Display currently have LCD production lines in China and South Korea, but they’re planning to convert one of their LCD facilities in South Korea for quantum-dot screen production. Reports are that Samsung haven’t yet decided on the future of their Chinese facilities.
The display industry has been going through a tough time lately due to oversupply and price competition. Now with the coronavirus pandemic which has led to cancellation or postponement of most big events including the Olympics, global end market decline is expected.
With Samsung quitting the LCD business, the oversupply issue of the panel industry might lessen and other panel makers including AUO, Innolux, and BOE could benefit. At the same time, Korean panel producers are turning their focus into new display technologies covering OLED and Micro LED, pushing the industry to move away from LCDs generally.