Samsung Display will reportedly cease producing LCDs at the end of June. The current announcement shifts the closure six months ahead of the previously planned deadline. According to a report, Samsung Display will transfer its LCD staff to the QD division.
Samsung Display will stop producing LCDs at the end of June, six months ahead of the previously planned deadline. Industry insiders revealed competition was too strong, and Samsung Group wished to reduce its losses. According to a report in Korea Times, Samsung Display has taken the decision to end LCD production hobbled by a declining global competitive edge due to cheaper products made by its Chinese and Taiwanese counterparts.
