Samsung "reverse": postpone the discontinuation of LCD screens

According to the plan, Samsung originally planned to shut down the LCD display panel production line before the end of this year, but this has changed. According to foreign media reports, Samsung has postponed the shutdown of its L8 LCD panel factory in Asan, South Korea to March 2021. The reason behind it is said that due to the impact of the new crown epidemic on the global industrial economy, the demand for LCD panels has risen recently. Samsung also wants to harvest another wave and withdraw, and has decided to notify relevant companies.

The report pointed out that Samsung Display currently plans to end LCD panel production at the L8 panel factory in Asan Park, South Korea by March 2021. Relevant sources pointed out that the reason for Samsung Display's delay in ending production is due to the recent increase in LCD panel market demand under the pneumonia epidemic. Samsung also informed the supply chain companies of the relevant delay in ending production decisions.

The report also pointed out that Samsung is still negotiating with a number of companies to sell the LCD panel business and equipment sales. It is expected that equipment buyers will be confirmed in February 2021, and LCD panel production will be officially closed in March. It is reported that Samsung's 8.5-generation production line in Suzhou has been acquired by TCL Huaxing Optoelectronics, and some equipment of the L8 factory has also been sold to Yufenglong in Shenzhen, China.

Samsung recently announced that it plans to invest approximately US$11.7 billion to expand its QD-OLED business by 2025. It is expected that after Samsung exits the LCD market in 2021, it will fully focus on the high-end display market.