Samsung sold all of its LCD display patents to TCL

The aim of the Chinese concern is to strengthen its leading position in the competition of liquid crystal display manufacturing companies.

Samsung has already announced that it will stop the production of LCD displays, which means that after this they will get the necessary panels from someone else. There are economic reasons behind the decision, as the South Korean concern did not want to get involved in a price war with the Chinese and emerging Indian companies receiving serious state support on this front.

Due to the COVID-19 epidemic, this was postponed, but finally in June of this year, Samsung Display really finished the production of LCD panels, and now the The Elec According to a South Korean magazine called According to this, Samsung sold all of its approximately 2,000 patents related to LCD technology to the TCL concern. To be precise, its subsidiary company dealing with display development and production, CSOT.

TCL has long been working hard to become a leader in this segment, and this decision could further strengthen the positions of the Chinese holding company.


Source: Hírek és cikkek – PROHARDVER! by prohardver.hu.

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