August 16, 2019 11:10
Samsung and LG are thinking about cutting back on the production of large LCD panels in Korea due to plummeting prices triggered by a flood of cheap products from China.
Industry insiders on Thursday said Samsung Display is considering cutting down production volume at two LCD manufacturing lines at its Asan factory in South Chungcheong Province. "There is a strong chance that some operations will be halted altogether in the near future," one insider said.
Samsung is expected to cut domestic production volume to just 30 percent of the present 250,000 sheets a month and instead invest in producing quantum dot and OLED displays.
LG Display is also considering shutting down its LCD production lines. LG said late last month after announcing operating losses in the second quarter that it has been partially adjusting LCD production by idling production lines. An LG spokesman said the company is "considering various options" including a shutdown.
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