This year, Samsung Display is reported to be shutting down its LCD business. OLED and Quantum dot (QD) panels will continue to be produced by the company.

When it comes to phone screens, Samsung has always been a step ahead of the competition. LCD panels from the company have previously been used in phones, TVs, computers, and other products. Samsung, on the other hand, has continued to focus on contemporary OLED technology since OLED became immensely popular in TVs and smartphones, while the use case for LCD panels has remained limited. Samsung is said to be shutting down its LCD division in order to focus on OLED and Quantum Dot (QD) displays.

Samsung is alleged to have shut down its Liquid Crystal Display (LCD) business in June of this year, according to the story. This is primarily due to competition from Chinese and Taiwanese manufacturers that provide lower-cost LCD panels.

Samsung had planned to shut down its LCD manufacturing operation a few months later this year, but the company opted to shut it down sooner due to significant losses from declining LCD pricing in the market.

The average price of LCD panels has dropped dramatically, according to Display Supply Chain Consultants (DSCC). The price index of LCD panels would reduce to 36.6 in September this year, compared to 100 in 2014. It was 41.5 in April of this year, which was a new low for the LCD pricing index.

Another reason for Samsung Display’s LCD discontinuation is that its major customer, Samsung Electronics, is acquiring panels from Chinese and Taiwanese rivals such as BOE technology group and AU Optronics Corp. It appears to be less expensive this way.

Samsung had planned to close its LCD division in 2020, but the spike in LCD costs caused by the COVID-19 outbreak persuaded the corporation to keep it open. However, as DSCC has demonstrated, prices have plummeted and will continue to fall. Samsung is rumored to be discontinuing its LCD panels for large TV screens in favor of OLED and Quantum Dot (QD) panels.

Because the LCD industry has been in operation for so long, it has a strong workforce that will most likely be transferred to the Quantum Dot (QD) industry.

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