Samsung has officially abandoned its LCD panel business and fully switched to OLED panels and quantum dot panels, and its previously operational LCD panel production line also ceased operations in June.Since Samsung's display and chip packaging businesses belong to Samsung's equipment solution division, Samsung has transferred its LCD panel factory employees to the chip packaging business.
At the end of 2021, Samsung made changes to its top and major business divisions, with its consumer electronics and mobile businesses merged and renamed the Device Experience division, led by Vice President and CEO Zong Xi.The equipment solutions division, which controls Samsung's display and chip businesses, is run by president and co-executive.This is not the first time that Samsung has transferred 300 Samsung display LCD panel factory employees to the chip packaging business to adjust its two divisions, with similar adjustments in the first and second half of 2021.
Samsung moved Samsung display employees to the chip packaging business, mainly to exit the LCD panel business as planned.As early as 2020, Samsung decided to close its LCD panel production line, but delayed plans to close its LCD production line in the second half of 2020 with LCD panels at the request of its TV business.Last year, Samsung's Samsung Display decided to close its only remaining LCD panel factory in South Korea in June and officially exit LCD manufacturing, but Samsung will not abandon its LCD TV business altogether.As a result, Samsung Video Display Division (Samsung, V D) still has an active shipment and external procurement of LCD plans.
With Samsung completely withdrawing from the LCD panel market, Chinese panel makers such as Chinese panel makers BOE and TCL's Huaxing Optoelectronics are expected to further increase their share of the LCD panel market.
According to Omida, a market research firm, China has gradually become the world's first in LCD production capacity. Its share was only 23% in 2015%, but it reached 46% by the end of 2019. In 2020, it exceeded 50%, occupying more than half of the share, and further increased to more than 60% in 2023.
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