Samsung rumoured to stop traditional LCD panel production

Source: Samsung

This might not be the most unexpected rumour, but the timing might be earlier than expected. Samsung is reportedly planning to stop producing its LCD panels as soon as next month. The Korea Times bases its report on industry insiders, which claim the demand for LCD panels has begun declining and projections for its revenue don't look too good. The Samsung Display business unit had received a stay of execution when the pandemic started a global surge in demand for consumer electronics, but the end seems to be within sight already.

Emerging technologies like QD-OLED are being touted as the future of TV and monitors, making it more difficult for Samsung Display to keep its LCD business going. The company also faces fierce competition from suppliers like China's BOE. Samsung Display only has a 2 percent market share in the segment now. It was previously rumoured that the end of 2020 would be the end of its LCD business. And while it lasted a bit longer, it looks like there's a "faster-than-expected" falloff in demand, which accelerated the timeline. 

Samsung Display will reportedly focus on OLED and quantum dot production now, with employees shifting their work to that segment. Samsung Display hasn't confirmed this change yet, but again, it won't be a surprising move from the company at this point.

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