March 31 (Reuters) – Samsung will close all of its LCD production lines by the end of the year, including two in South Korea and two in China, Reuters reported. Samsung said all previously signed orders would be fulfilled by the end of the year, and partners would not have to worry.
According to reports, Samsung’s move is not because of LCD screen sales problems, but to shift the focus of the display from lcd screen to QD OLED screen, because its subsequent development plan is to focus on the production of quantum television, and the production of quantum TELEVISION needs to use QD OLED screen. It has also been reported that Samsung made the decision in part because consumer demand for LCD screens has been waning in light of the recent global slump in LCD prices. On the other hand, there is pressure from Chinese competitors, whoare tsin more and more market share to Lcd screens produced in China. However, Samsung did not reveal the real reason for its plans to stop production of LCD screens.
Separately, Samsung unveiled its latest plan to spend $11 billion to build a factory capable of producing real QD OLED TV screens. The plant uses the latest technology to make QD OLED screens, rather than using old technology. The new OLED has a service life of up to 1 million hours and is made of phosphated vanadium instead of a toxic cadmium material.
Other groups, also from South Korea’s LG Group, earlier announced plans to stop production of LCD screens at its base in South Korea.