Samsung Electronics has decided to postpone its plans to shut its LCD business to March 2021. The company had been planning to shut down its business for a while now, with plans to end operations by year end.

The reason for the delay in shutting down its LCD operations is to continue production at its L8 fab in the Asan plant for at least the next three months. According to an AndroidHeadlines report, the primary reason for the delay in shut down is due to the rise in demand for LCD panels caused by the ongoing Coronavirus pandemic. With various governments enforcing work from home policies and staying indoors has become encouraged, entertainment, workloads, and more has shifted to homes.

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Thus, the South Korean tech giant has reportedly informed all related firms regarding its change of plans due to recent developments. For those unaware, Samsung has been producing LCD panels at its Asan Plant in its home country and its Suzhou plant in China. The company has already struck a deal with CSOT (China Star Optoelectronics Technology) for the sale of its Suzhou plant and has apparently also sold some equipment from its Asan plant to another Chinese firm as well.

The company is also in talks with two additional Chinese companies to sell the remaining equipment and is hoping to strike a deal by February 2021 and is hoping to shut down the LCD production by March. Samsung has been making LCDs since the early 1990s but had decided to shut production to make room for OLED panels, which have increasingly grown in popularity and demand in recent years.

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South Korea display giants LG and Samsung recently announced plans to halt production of LCD panels by the end of the year. The companies are poised to focus on OLED panels production from next year. This development is viewed as a good one in China as it is expected to open up more opportunities for domestic companies.

In a recent CCTV financial dialogue program, TCL founder and chairman Li Dongsheng aligned with this point of view. He stated that from a strategic perspective, Samsung and LG’s withdrawal from the LCD industry will bring opportunities to Chinese companies. He believes the reason for the withdrawal has to do with an adjustment to the global industry structure. In clear terms, the industry is moving away from LCD and rapidly toward the use of OLED panels. Both South Korea giants will focus more on flexible display products such as QLED and OLED technology.

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Chinese companies have already established a dominant position in LCD manufacture, especially in large-screen displays. Chinese manufacturers, including BOE, Huaxing Optoelectronics (a subsidiary of TCL Holdings) and so on dominate the LCD market. Li expects this advantage to be further expanded with future development.

Despite their dominance in the large-display LCD industry, the Chinese firms are expected to face greater competitive pressure and challenges in small and medium screens. In the small and medium-sized field, including OLED and the next generation of new display technology, there will be stiff competition.

Samsung was once a leading force in the LCD panel market. The company established two LCD panel factories in China and two LCD production lines in South Korea. However, stiff competition in the LCD market in recent years and a drop in LCD panel prices may have prompted the tech giant’s decision to abandon the LCD panel market.

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(source)

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The high-end Samsung Android smartphone typically uses Super AMOLED screen, since the Galaxy S and the first Galaxy Note lineup. But it seems that it will change their screen technology on the Galaxy Note 3.

The new 6.3 inches Galaxy Note 3 smartphone will use LCD screens rather than AMOLED screen, this technology will also embed on Galaxy Note 8.0 and Galaxy Note 10.1. Since LCD is said to enhance the better experience of using the stylus S-Pen.

According to sources, Samsung has invested their money worth $130 million USD to the Japanese electronics giant, Sharp, IGZO display technology that its long-awaited many people, as it provides a bright display and has a high density, yet power efficient and slim size display for Samsung Galaxy lineup.

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