According to a report by the Korean media “Sam Mobile”, Samsung Display, which originally planned to stop the production and supply of liquid crystal panels (LCD) before the end of 2020, has now decided to postpone this plans until 2021. The reason for it is the rising demand for LCD panels under Pandemic.

The report pointed out that Samsung Display currently plans to end LCD panel production at the L8 panel factory in Asan Park in South Korea by March 2021. Relevant sources pointed out that the reason for Samsung Display’s delay in ending production is due to the recent increase in demand for LCD panels in the pandemic. Samsung also informed the supply chain companies of the relevant delay in ending production decisions.

The report also pointed out that Samsung is still negotiating with a number of companies for the sale of LCD panel business, equipment sales. It is expected that equipment buyers will be confirmed in February 2021, and LCD panel production will be officially closed in March. It is reported that Samsung’s 8.5-generation production line in Suzhou has been acquired by TCL Huaxing Optoelectronics, and some equipment of the L8 factory has also been sold to Yufenglong in Shenzhen, China.

Samsung recently announced that it plans to invest approximately US$11.7 billion to expand its QD-OLED business by 2025. It is expected that after Samsung exits the LCD market in 2021, it will fully focus on the high-end display market. Since Samsung recently announced that it will withdraw from the LCD panel business, not only will LCD panel prices increase, but Samsung’s original LCD panel orders are also expected to be transferred to Taiwan’s panel Shuanghu AUO and Innolux. The market is optimistic about the future operation of the two companies. Samsung’s decision to postpone its withdrawal from the LCD panel business will continue to observe whether it will affect the panel double tiger. (Technews)