South Korean display panel manufacturer Samsung Display has decided to end all of its manufacturing of liquid crystal display (LCD) panels in South Korea and China by the year-end, a spokeswoman stated Tuesday.
Samsung Display, a subsidiary of South Korean tech titan Samsung Electronics, stated in October that it canceled one of its two LCD manufacturing lines at home amid falling demand for LCD panels and a supply glut.
“We’ll supply ordered LCDs to our clients by the end of this year without any issues,” the corporate stated in an announcement.
In October, the Apple supplier said it should make investments 13.1 trillion won ($10.72 billion) in facilities and analysis to upgrade a manufacturing line, as it contends with a supply glut amid weak global demand for smartphones and TVs.
The investment for the next five years will be focused on transforming one of its South Korean LCD lines into a facility to mass-produce more superior “quantum dot” screens.
The company operates two LCD manufacturing lines at plants in South Korea and two LCD-only factories in China.
Samsung has not yet decided on the future activities of its plants in China, stated the spokeswoman.
Samsung Display’s cross-town competitor LG Display said earlier this year that it’s going to stop home manufacturing of LCD TV panels by the end of 2020.