Japanese company Mitsubishi Electric also withdrew from the LCD industry, China holds a large share of the LCD liquid crystal panel market
On June 15, Japan’s Mitsubishi Electric Corporation announced on its official website that Melco Display Technology Inc. (MDTI), its subsidiary, will end the TFT LCD modules (panel) in June 2022 due to increased competition and unprofitability. Production and termination of LCD production business.
The Mitsubishi Electric announcement pointed out that MDTI is currently mainly engaged in the research, development, manufacturing and sales of small and medium-sized LCD panels for electronic products/vehicles. However, due to the intensified price competition of overseas manufacturers such as China and beyond expectations, it is difficult to make profits in LCD panel production. In this case, it may be difficult to continue to maintain, so it is decided to end production and withdraw from the LCD business.
Mitsubishi Electric started mass production of LCD panels in 1996. The planned liquidation of the LCD business (excluding LCD TVs) in 2019 has revenues of approximately 28.5 billion yen (1.88 billion yuan). Mitsubishi Electric’s current LCD panels are purchased through external companies. After the above-mentioned small and medium-sized LCD panels are discontinued, the small and medium-sized panels required for Mitsubishi Electric’s own products will also be purchased from external companies.
Mitsubishi Electric is not the first company to withdraw from the LCD panel market. In November 2019, Panasonic said that its subsidiary Panasonic Liquid Crystal Display (PLD), which is in charge of the LCD panel production business, will end its LCD panel production business in 2021 due to the participation of Chinese panel "players" in the dilution of product profits.
In 2020, South Korean technology giants Samsung and LG have stated that they will withdraw from the LCD business. At present, the major share of the global LCD liquid crystal panel has been controlled by Chinese manufacturers, including BOE and Huaxing Optoelectronics. Orderly development and competition.
The Mitsubishi Electric announcement pointed out that MDTI is currently mainly engaged in the research, development, manufacturing and sales of small and medium-sized LCD panels for electronic products/vehicles. However, due to the intensified price competition of overseas manufacturers such as China and beyond expectations, it is difficult to make profits in LCD panel production. In this case, it may be difficult to continue to maintain, so it is decided to end production and withdraw from the LCD business.
Mitsubishi Electric started mass production of LCD panels in 1996. The planned liquidation of the LCD business (excluding LCD TVs) in 2019 has revenues of approximately 28.5 billion yen (1.88 billion yuan). Mitsubishi Electric’s current LCD panels are purchased through external companies. After the above-mentioned small and medium-sized LCD panels are discontinued, the small and medium-sized panels required for Mitsubishi Electric’s own products will also be purchased from external companies.
Mitsubishi Electric is not the first company to withdraw from the LCD panel market. In November 2019, Panasonic said that its subsidiary Panasonic Liquid Crystal Display (PLD), which is in charge of the LCD panel production business, will end its LCD panel production business in 2021 due to the participation of Chinese panel "players" in the dilution of product profits.
In 2020, South Korean technology giants Samsung and LG have stated that they will withdraw from the LCD business. At present, the major share of the global LCD liquid crystal panel has been controlled by Chinese manufacturers, including BOE and Huaxing Optoelectronics. Orderly development and competition.
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