Samsung shut downs LCD manufacturing six months ahead of schedule

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Samsung to close LCD business six months ahead of schedule

Samsung Display will certainly close down its LCD manufacturing at the end of June, complete 6 months in advance of the formerly revealed routine. Sector experts disclosed competitors has actually been also intense and also Samsung Group wished to restrict losses.

Samsung Display will certainly concentrate on production OLED and also QD (quantum-dot) panels, and also its staff members are anticipated to be moved to the QD company.

Reports from Display Supply Chain Consultants disclosed the cost of an LCD is 36.6% of what it utilized to be in January 2014, the parts top manufacturing duration. This remains in no little component because of manufacturers like BOE from China and also AU Optronics from Taiwan to sign up with the fight and also deal reduced costs to customers.

The LCD company was at first arranged to enclose 2020 however with the arrival of COVID-19 and also the requirement of economical gadgets for residence enjoyment (consisting of economical mobile phones and also tablet computers), Samsung chose to delay this significant action.

Company agents were inaccessible for remark therefore much we have no information on financial investment strategy information. Once Q2 ends and also revenues records come out in late July, we anticipate to discover even more.

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