The South Korean panel producer Samsung Show has determined to discontinue all manufacturing of LCD (Liquid Crystal Show) panels in South Korea and China by the top of this yr, a spokeswoman stated on Tuesday.
Samsung Show, a unit of South Korean tech big Samsung Electronics, introduced in October that considered one of its two LCD manufacturing traces at residence was being shut down as LCD panel demand and provide glut decreased.
“We will ship LCDs we now have ordered to our prospects by the top of this yr with none issues,” the corporate stated in an announcement.
In October, the Apple provider introduced that it will likely be investing KRW 13.1 trillion ($ 10.72 billion) in amenities and analysis to improve a manufacturing line because it has a weak international demand for smartphones and televisions Oversupply is confronted.
The funding over the following 5 years will deal with changing considered one of its South Korean LCD traces right into a facility for the mass manufacturing of extra superior “quantum dot” shows.
The corporate operates two LCD manufacturing traces in factories in South Korea and two pure LCD factories in China.
Samsung has not but selected the long run operation of its factories in China, stated the spokeswoman.
Samsung Show’s show rival LG Show introduced earlier this yr that it could droop home manufacturing of LCD TV panels till the top of 2020.
© Thomson Reuters 2020
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