Samsung has decided to completely withdraw from the LCD business
With the rise of Chinese manufacturers (BOE, AUO, Innolux, etc.) in recent years, LCD prices have fallen rapidly, which has accelerated the decline of Samsung LCD’s global competitive advantage, and finally made the decision to adjust the production line. According to Korea Times reports, Samsung decided last Sunday that it will close its last 8.5-generation LCD panel production line in South Korea in June 2022 and completely withdraw from the LCD business.
Samsung’s latest decision comes six months ahead of schedule, largely due to business losses caused by falling LCD panel prices. According to the US market research company Display Supply Chain Consultants (DSCC), if the average price index of LCD panels in January 2014 is set at 100, it will drop to 36.6 by September this year, a record low. In June 2021, the figure was 87, which is a 58% drop.