As you may have heard on several occasions before, Samsung Display will end the production of LCD panels by the end of the year. Now, with just four months left on the calendar, the tech giant's display arm has begun reassigning its workforce in anticipation of its LCD panel business shutting down.
Interestingly enough, Samsung Display hasn't transferred its workforce to the QD-LED or the QNED production lines, but instead the company has reportedly transferred around 200 employees to the its chip manufacturing sister company. Additional personnel was reassigned to Samsung Biologistics.
Samsung continues betting big on the chip business
Samsung confirmed a little over a year ago that it's looking to invest a whopping $115 billion in logic chip development by 2030 with the goal of becoming the world's largest chip company. And in recent months, the company has been getting closer to that goal with new plans for constructing its third semiconductor factory.
Samsung reportedly wants to start constructing its new P3 plant in the Gyeonggi Province next month. Industry insiders expect this to become a ‘total semiconductor factory' able to manufacture DRAM, NAND chips, processors, and image sensors.
As for Samsung Display, the LCD business saw a small resurgence a few months ago as demand for LCD monitors went up due to COVID-19 lockdowns, but it looks like that demand has been dwindling away. With the LCD business shutting down, the company is looking for additional QD-LED clients and it's working on making the next-gen display solution called QNED viable for mass production.
