Samsung to stop LCD production in June, six months earlier than expected

In a nutshell: In June, Samsung Display reportedly decided to close its liquid crystal display business. Although six months earlier than expected, the company originally planned to close for the end of 2020, but the pandemic and surge in demand for consumer electronics have caused those plans to be put on hold.

Korea Times writes that the decision to accelerate the closure of the business was made when consumer interest in LCDs declined in favor of display technologies such as Quantum Dot and OLED. Losses due to falling LCD prices also played a big role. US research firm Display Supply Chain Consultants (DSCC) reports that the LCD panel price index has fallen since the end of 2021 and is down about 60% year on year.

Another factor was the partnership of Samsung Electronics – the largest buyer of Samsung Display products – with overseas suppliers of LCD displays from China and Taiwan. The transition from LCD to OLED for smartphones in recent years has also had an impact.

It was Samsung Electronics that asked the display manufacturing subsidiary to suspend plans to close its LCD business in 2020 after the LCD price spike at the height of the Covid pandemic.

It is expected that after the transition, employees of the LCD division will be transferred to Samsung’s QD and OLED divisions.

We recently learned that Samsung’s Quantum Dot technology has teamed up with an OLED panel to create the MSI MEG 342C monitor. The same combination is used in the Alienware AW3423DW, which we like and scored 90 in our review. It is also present in the Samsung Odyssey G8QNB.

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