SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung might finally be shutting down its LCD business

Business
By 

Last updated: May 30th, 2022 at 12:11 UTC+02:00

It was first reported that Samsung’s display-making affiliate, Samsung Display, was going to shut down its LCD business by the end of 2020. However, the rise in demand for LCD panels in the aftermath of the COVID19 pandemic reportedly made the company reconsider its decision.

Subsequent reports suggested that the company had decided to shut down the business in 2021. That didn’t happen as well. As we roll into the halfway point for 2022, the latest Korean media reports now claim that Samsung Display is finally ready to shut down its LCD production.

Even Samsung is buying LCD panels from China now

Production of LCD panels doesn’t align with Samsung Display’s long-term vision for the business. It’s transitioning from LCD panels to Quantum Dot (QD-OLED) displays. Just last month, the company repurposed a defunct LCD plant to manufacture OLED panels.

Citing local industry sources, Korean media is now reporting that Samsung Display has finally decided to shut its LCD panel business in June. It no longer seeks to compete in a market that’s dominated by cheaper panels from Chinese and Taiwanese counterparts. The end of this business wasn’t expected until 2022 was up. This decision has come six months sooner as the falling LCD prices prevent Samsung from continuing production.

Samsung Electronics, the consumer electronics arm of the conglomerate, used to be the largest buyer of LCD panels from Samsung Display. It’s now increasingly opting for cheaper LCD panels from Chinese and Taiwanese suppliers. With its LCD business shut down, Samsung Display will now exclusively focus on the production of Quantum Dot and OLED displays. The employees that worked on LCD production are expected to be transferred to the QD division.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business Samsung Display
Load 2 comments

You might also like

Samsung’s QD-OLED panel bags top honors in ultimate TV shootout

In this year’s TV shootout conducted by Value Electronics (via TechRadar) just outside of New York City, the Sony XR-A95K won the best 4K TV award. This award was bestowed upon Sony by a panel of TV testing experts, and they deduced that the Sony XR-A95K is the best among the rest of the competing 4K TVs. […]

  • By Sagar Naresh
  • 2 weeks ago

Samsung won’t give Apple its best OLED tech for iPhone 14

As per industry insiders, Samsung Display is one of Apple’s primary OLED suppliers for the upcoming iPhone 14 series. And according to a new report, the company will help Apple lower iPhone 14 OLED production costs by applying materials of different grades for different iPhone 14 models. Samsung Display will reportedly supply OLED panels for […]

  • By Mihai Matei
  • 2 weeks ago

Samsung patents new energy-efficient display refresh rate technology

Samsung is developing a new display refresh rate technology for mobile devices. A new patent application by Samsung describes a display technology that can apply different refresh rates simultaneously across multiple screen areas. This could be the next evolutionary step in Samsung’s refresh rate technology for mobile displays. The Galaxy S20 was the first to […]

  • By Mihai Matei
  • 2 weeks ago

Samsung-made PlayStation VR2 OLED display is miles better

Samsung Display is reportedly supplying OLED panels for Sony’s upcoming PlayStation VR2 (virtual reality) headset, just like it did for the original PSVR. Sony now spilled the beans on its PS VR2 system in an “early look” blog post and revealed more details on the OLED panel that enables the virtual reality experience. The PS […]

  • By Mihai Matei
  • 2 weeks ago

Galaxy Watch 6 could use OLED display made by a Chinese firm

Samsung’s Galaxy smartwatches have exclusively used OLED panels from Samsung Display, offering excellent image quality. But the display supplier could change next year, at least going by the latest report. According to an exclusive report from Naver, Samsung is in talks with Chinese display manufacturer BOE for the Galaxy Watch 6. The smartwatch is expected […]

  • By Asif Iqbal Shaik
  • 2 weeks ago

Why I believe Samsung should never release laptops with foldable displays

Samsung’s foldable phones are revolutionary, even though the Korean tech giant appears to be the only OEM leading the revolution. They’re fairly expensive to make, too, which is probably why not many OEMs are rushing in to become a part of this emerging segment early on, or at the very least, they exercise a lot […]

  • By Mihai Matei
  • 4 weeks ago