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Samsung Display to get out of LCD business completely in Mar 2021, says report

By Ng Chong Seng - on 24 Nov 2020, 10:24am

Samsung Display to get out of LCD business completely in Mar 2021, says report

(Image: Samsung.)

Samsung Display is the midst of getting rid of its LCD manufacturing facilities and intends to get out of the LCD business completely by March 2021, according to a report from ETNews.

A move that’s supposed to be completed by this year, the 3-month delay is said to be due to the ongoing pandemic and an increase in demand for LCD panels.

ETNews says Samsung has confirmed its plan to close its L8 fab in Asan, South Korea in March next year. Between now and then, Samsung is looking to sell off any remaining LCD equipment at the plant. This Asan fab has for many years been making large LCD panels for Samsung TVs.

Samsung has also signed a contract to sell the plant it has in Suzhou, China. The report says this plant is sold to TCL’s panel-making unit China Star Optoelectronics Technology (CSOT).

In the last few years, Samsung has been steadily reducing its LCD spending to free up resources for its quantum dot displays. While the company currently makes quantum dot-enhanced (but still LCD-based) QLED TVs, it’s no secret that it’s also pursuing QD-OLED, a next-gen display tech that combines quantum dots and OLED.

Source: ETNews.