Samsung's division Samsung Display originally planned to stop production of LCD panels by the end of this year, but according to a new unofficial report, it has pushed back its intention a bit. The tech giant is now said to be planning to end panel production at the factory in the city of Asan in March next year.
The reason for the change of plan is said to be the current coronavirus situation and the recent increase in demand for LCD panels. Samsung should have already informed affiliates of its decision. The report adds that the giant is in talks with several firms to sell related devices. He says he wants to finalize the sale by February of next year and to end panel production a month later.
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Samsung manufactures LCD panels in factories in Asan, South Korea and Suzhou, China. Already in the summer, he signed a "deal" on the sale of the Sucú factory with the Chinese company CSOT (China Star Optoelectronics Technology), engaged in the production of LCD and OLED panels. Even earlier, it sold part of the equipment from the Asan factory to Efonlong, another Chinese display manufacturer.
The technological colossus is switching from LCD panels to Quantum Dot (QD-OLED) type displays. He recently announced a plan to expand this business until 2025, which includes an investment of roughly 11,7 billion dollars (just under 260 billion crowns). By the second half of next year, however, it will reportedly be able to produce only 30 QD-OLED panels per month. That's enough for two million 000-inch TVs per year, but 55 million TVs are sold annually. However, experts expect Samsung's manufacturing capacity to improve as it invests in technology and related equipment.
