Since June, LCD panels will no longer be produced at Samsung factories due to the rapid fall in prices, according to The Korea Times. This news did not come as a surprise, as the company understood that there was fierce competition in the market from Chinese and Taiwanese companies that only produce this technology. But production was expected to stop by the end of the year.
Initially, an attempt was made to close the LCD section by the end of 2020, but the plan was put on hold at the request of the parent company, Samsung Electronics, due to the sudden spike in LCD prices amid the COVID-19 pandemic.
According to research firm Display Supply Chain Consultants (DSCC), the average LCD panel price index, which has been measured in a benchmark of 100 since January 2014, will fall to 36.6 in September 2022. This is less than the already record low 41.5 points in April this year.
The company now manufactures all kinds of screens, whether for smartphones, laptops, cars or TVs, among others, and not only for its products, but most of these panels are used by other companies. They also make panels for shopping malls, billboards, sports stadium displays and hospital displays.
The panels in which Samsung has the most presence are AMOLED, OLED and QLED technologies, where they are pioneers and experts have always chosen the company’s products as a benchmark.
The company will most likely move the team to work in the Quantum Dot Display Division, also known as QLED, after the LCD panel production shutdown.
