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

Samsung is selling its glass factory in Gumi as LCD production wanes


Last updated: September 15th, 2020 at 13:47 UTC+02:00

Samsung Corning Advanced Glass is closing up shop in Gumi, South Korea, but will maintain operations at its second factory in Asan, according to a recent report by The Elec. The factory located in Gumi is not shutting down per se but instead Samsung Corning Advanced Glass is reportedly selling the facility to an unnamed Chinese company for an undisclosed sum.

Samsung Corning Advanced Glass was established in 2012 and over the years, the two factories located in Gumi and Asan have been manufacturing glass panels for Samsung Display’s OLED and LCD solutions. But if you’ve followed Samsung Display over the past year, you’re aware that the company is stopping production of LCD panels by the end of 2020. Therefore, the Gumi factory’s closure is merely the result of Samsung Display’s decision to leave LCD production behind. There’s no need for LCD glass protection if no LCD panels are being manufactured; meanwhile the Asan factory will remain operational and focus solely on manufacturing glass for OLED displays.

This isn’t the first time Samsung Display sold part of its LCD business to a company from China. A couple of weeks ago reports emerged from South Korea to reveal that Samsung sold its LCD plant in Suzhou, China, to the display division of TCL, i.e., China Star Optoelectronics Technology. That deal is said to have earned Samsung around $1 billion according to industry insiders.

Via BusinessDisplay Samsung DisplaySouth Korea
Load 0 comments

You might also like

Samsung heir Lee Jae-yong pardoned by South Korean President, gets cleared of bribery charges

Samsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]

  • By Asif Iqbal Shaik
  • 9 hours ago

Galaxy Z Flip 4 and BTS take over five major cities around the world

Samsung and the K-pop group BTS came together again for Unpacked 2022 to promote the new Galaxy Z Flip 4 foldable phone. There are no unboxing videos featuring BTS and the new foldable phone this time. Instead, the K-pop group took over digital signages at iconic public places across five major cities: Times Square New […]

  • By Mihai Matei
  • 1 day ago

Samsung seeks support from Vietnam for its Busan World Expo 2030 bid

Last week, Samsung’s TM Roh and the Prime Minister of Vietnam met to discuss the Korean tech giant’s plans for a new R&D center in Hanoi and the local manufacturing of chip transistors by mid-2023. As it turns out, there was another reason behind Samsung’s recent visit to Vietnam. Samsung seeks support for the 2030 […]

  • By Mihai Matei
  • 4 days ago

Samsung wins 11 ‘Green Product Of The Year 2022’ awards in South Korea

Samsung has been making not only its products but also the whole supply chain more environmentally friendly over the past few years. As a result, the company has started receiving various green awards from notable institutions. Now, the South Korean firm has received 11 new green awards. According to Samsung, 11 of its products have […]

  • By Asif Iqbal Shaik
  • 1 week ago

Has Samsung already released Android 13 (One UI 5.0 Beta) update to the Galaxy S22?

Samsung hinted toward the imminent release of the One UI 5.0 Beta update by opening its official forum last week. Now, rumors are circulating that the company has already released the Android 13-based One UI 5.0 Beta update for the Galaxy S22 series. Is it true? A screenshot of the alleged One UI 5.0 Beta […]

  • By Asif Iqbal Shaik
  • 1 week ago

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
  • 1 week ago