Samsung Display continues to produce LCD panels

Thoughts for a permanent cessation of LCD panels production have long been on the minds of its people Samsung Display and this arose because of her reduced demand for screens of this type and growing competition from Chinese monitor manufacturers ,.

However, the company will postpone its plans upon request Samsung Electronics for some time. It now seems that the company will continue to manufacture LCD panels for the immediate future and this is mainly due to people who have to go through more time indoors due to the pandemic and LCD screens are cheaper hence accessible to many for purchase. If Samsung Display stopped making the panels, Samsung Electronics would have to procure them from LG.

For his part, the company’s CEO, Joo-sun Choi, sent an email to executives confirming that Samsung Display is considering expanding production of large LCD panels by the end of next year.

The increase in demand last year also caused increase in panel prices. If they needed to be sourced outside the group, it would probably cost Samsung Electronics more. Maintaining its integrated supply chain can meet this demand more efficiently.

“We are considering a plan to continue LCD production until next year, taking into account the company’s profits first and reflecting market conditions,” said a senior Samsung Display executive.


Source: by

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