After Chinese manufacturers account for more than half of the world's LCD production capacity, old LCD panel factories such as Samsung and LG are under great pressure. SDI, a subsidiary of Samsung, announced on Tuesday that it will completely close LCD panel factories in China and South Korea this year.
Samsung used to be a big brother in the LCD panel market, with two LCD panel factories in China and two LCD production lines in South Korea, as competition in the LCD market has intensified in recent years, panel prices have.Samsung has decided to give up LCD panel and shut down LCD factory in South Korea at the end of last year。
Samsung's latest announcement means that two LCD panel factories in China will also close this year. Since then, Samsung and LCD panel production have been isolatedSDI also said that orders will continue to be fulfilled this year, and customers who have already placed orders will not have supply problems.
After leaving the LCD panel,Samsung announced a 13 trillion won, or about $10.7 billion, investment plan for a new generation of display panels last OctoberAmong them, South Korea's LCD production line will be transformed into a panel factory with QD quantum dot technology.
Similar to Samsung is LG Electronics. At the beginning of this year, LG's LGD display company also announced that the LCD panel factory in South Korea was shut down. However, LGD has just built a large 8.5-generation LCD panel factory in Guangzhou, China. It was originally planned to mass produce in January this year, but now due to the impact of the epidemic, the mass production will be postponed to Q2 quarter.