Samsung has transferred the LCD patent to CSOT

In May this year, it was reported that Samsung decided to close its last 8.5-generation LCD panel production line in South Korea in June 2022 and completely withdraw from the LCD business, six months earlier than originally scheduled. In the future, Samsung will turn its attention to panels using organic light-emitting diode (OLED) and quantum dot (QD) technologies, and employees from the existing LCD business will be transferred to the QD business unit.

Samsung 8K Neo QLED TV

Image: Samsung

Although Samsung has decided to withdraw from the LCD business, it still has many LCD patents. According to The Elec, Samsung transferred its LCD-related patents in the United States and South Korea to CSOT in June and August this year. It is understood that Samsung has more than 500 LCD-related patents in the United States. With the completion of these transactions, Samsung has sold more than 2,000 LCD-related patents worldwide, marking the end of Samsung Display’s LCD business.

CSOT acquired Samsung’s LCD production line in Suzhou in 2020, but due to the lack of some LCD expertise, it is easily affected by patent litigation in the United States, and a new deal could effectively avoid this type of incident. Industry insiders said that the display panel industry has slowed down in recent years, and having more patents on hand can use litigation as a strategy to thwart competitors.