logo
Plus   Neg
Share
Email

Samsung's Display Unit To End All LCD Production By Year End

Samsung Display, a unit of South Korea's Samsung Electronics Co Ltd. (SMSN.L,SSNNF.OB,SSNLF.OB), said it has decided to end its liquid crystal display or LCD production in South Korea and China by the end of the year.

The company reportedly plans to provide more resources for its quantum dot or QD displays.

The company said it will supply ordered LCDs to customers by the end of this year without any issues. The company has two LCD production lines in South Korea and two LCD-only factories in China.

Samsung Display in October last year had said that it suspended one of its two domestic LCD production lines mainly due to weak demand for LCD panels. The company then said it will invest 13.1 trillion won in facilities and research to upgrade a production line.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent. Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.
Follow RTT