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Samsung to stop making LCD displays this year
- Samsung will stop making LCD screens this year.
- The move comes amid falling prices and increased competition.
- The company will focus on OLED and QD displays going forward.
Samsung, once a leader in the LCD market, is getting out of the business as a result of several factors.
Samsung has long been known as one of the top display makers in the industry, with its screens used in TVs, smartphones, tablets, and more. Despite its success, according to The Korea Times, the company is exiting the business due to falling prices and increased competition from Taiwanese and Chinese companies.
Read more: AMOLED vs LCD
The move was expected for some time, with Samsung’s display unit originally wanting to shut down in late 2020. Thanks to increased demand as a result of the pandemic, Samsung kept the business running. With demand once again stabilizing the company can no longer justify continued operations, especially since prices were 58% lower in April 2022 than at their peak in June 2021.
Moving forward, Samsung will focus on OLED and quantum dot (QD) displays. Employees from the LCD division will likely be moved to the QD business.