Plus   Neg

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
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT