Samsung Display to End LCD Production by 2020: Report

- Advertisement -
  • Samsung Display stated declining demand for LCD panels as the reason
  • The company will supply LCD panels for existing orders before the end of 2020
  • The company might be focusing on manufacturing quantum dot screens instead of LCDs

Weak global demand for TVs and smartphones may have encouraged Samsung Display to halt production of LCD panels. A report published by Reuters pointed out that the Korea-based electronics giant will stop manufacturing LCD by the end of 2020.

The company has already suspended operations at one of its LCD manufacturing lines. Samsung Display has two LCD production lines located in Korea. The company has cited falling demand for LCDs as a reason behind the same.

Moving to quantum dot screens?

Back in October 2019, the company had informed about investing 13.1 trillion Won (approx $10.72 billion) in facilities and research to upgrade the production line. Supplier of LCD panels to many, including Apple Inc, Samsung has been struggling with oversupply amid weak global demand.

- Advertisement -

This investment, as per the report, is aimed towards moving to quantum dot screens. These screens are believed to be more advanced than LCDs. It is to be noted here that several TV brands in India have already started retailing quantum dot TVs.

Shipments of TVs in India grew 15 per cent annually to reach the highest-ever mark of 15 million units in 2019, according to research from Counterpoint’s TV Tracker service. This growth was mainly driven by budget smart-TVs with 32-inch units leading the segment and penetrating sub-US$150 price bands.

Coronavirus may force TV makers to cut panel demand in Q2

A recent report by Omdia stated that Coronavirus might force TV makers to cut panel demand in Q2. Television makers that had been planning to significantly boost their display panel purchasing in the second quarter now may be forced to curb their ambitions as concerns over a potential Coronavirus-driven recession rise.

South Korean and Chinese TV makers, as per the report, were hoping to take advantage of improving panel availability conditions in the second quarter to build up their inventory in lieu of increased consumer demand. China’s top-tier TV makers are expected to increase their unit purchases of display panels by five per cent sequentially in the second quarter.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

IoT Core Service of Google Cloud to Shut Soon

0
In a major announcement by the tech giant, the core internet of things (IoT) services available under Google Cloud will be unplugged in August...

NIOT Introduces Roshni, a Saline-Water LED Lamp

0
A team of scientists at the National Institute of Ocean Technology (NIOT), Chennai have developed India’s first Saline Water Lantern, named Roshni. It is...

Motional’s Robotaxi Debuts in LA

0
Motional, a joint venture between Hyundai Motor Group and Aptiv has started the ride service of the free 'Robotaxi' Ioniq 5 in Las Vegas....

Exclusive

IoT Core Service of Google Cloud to Shut Soon

0
In a major announcement by the tech giant, the core internet of things (IoT) services available under Google Cloud will be unplugged in August...

NIOT Introduces Roshni, a Saline-Water LED Lamp

0
A team of scientists at the National Institute of Ocean Technology (NIOT), Chennai have developed India’s first Saline Water Lantern, named Roshni. It is...

Motional’s Robotaxi Debuts in LA

0
Motional, a joint venture between Hyundai Motor Group and Aptiv has started the ride service of the free 'Robotaxi' Ioniq 5 in Las Vegas....

Important Sectors

IoT Core Service of Google Cloud to Shut Soon

0
In a major announcement by the tech giant, the core internet of things (IoT) services available under Google Cloud will be unplugged in August...

NIOT Introduces Roshni, a Saline-Water LED Lamp

0
A team of scientists at the National Institute of Ocean Technology (NIOT), Chennai have developed India’s first Saline Water Lantern, named Roshni. It is...

Motional’s Robotaxi Debuts in LA

0
Motional, a joint venture between Hyundai Motor Group and Aptiv has started the ride service of the free 'Robotaxi' Ioniq 5 in Las Vegas....

Sterlite Tech’s Losses down QoQ, Revenue Up YoY

0
Sterlite Technologies recently published its financial performance results for Q1, FY 23. While it witnessed a 20.32% increase in the overall revenue on a...
Drone

First Drone School Destination in NE: Guwahati

0
In the pursuance of the ‘Act East’ policy and the aim to make India a drone tech hub, northeast India has got its first...

Manufacturing

I-Day Gift: Ola Electric Car in 2024!

0
Ola Electric, at an event on Monday, announced the launch of their first electric car by 2024. Though not much has been revealed about...

Indian Chip Industry to Cross $300 billion by 2026

0
As India gradually strides toward becoming Aatmanirbhar, a new report on the chip component industry avouch for this growth. The report of India Electronics...
EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...