Samsung is one of the largest display manufacturers in the world making a wide range of panels. But now, the company has announced to stop producing LCD panels by the end of the year. This move is motivated by the firm’s plan to expand production of quantum dot displays.
The South Korean conglomerate has a number of businesses and one of them is a display manufacturing unit called Samsung Display. The company makes all types of panels like LCDs, OLEDs, and quantum dots. But now, it has decided to end the production of LCD panels so that it could focus more on the other two modern panels.
The company will be halting the production only at the end of the year but has already reduced its capacity. However, it will still continue to supply LCD panels for the orders that have been placed earlier by its clients. It is worth noting that most of the panels made by the company are used in its own TV lineup.
The employees working in the LCD department will be shifted to OLED and QD Display businesses. Additionally, the company is also reported to have placed orders for equipment used in manufacturing quantum dot displays to ramp up its production.
The decision to shun the production of LCD displays was expected as Samsung had already announced its plans to shift focus to Quantum Dot display technology with $11 billion investment in October 2019.
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