Samsung Extends South Korea LCD Production for Indefinite Period

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Samsung Electronics stated on Tuesday it can prolong manufacturing of liquid crystal show (LCD) panels for TVs and displays, as stay-at-home traits of the coronavirus pandemic created an uptick in demand.

Samsung Show’s resolution to increase LCD manufacturing in South Korea for an unspecified time period overrides its announcement in March that it will finish all manufacturing by the top of the 12 months to deal with extra superior expertise.

Samsung Show stated the size of the extension would depend upon market circumstances. It had stated in late October that it was contemplating a “short-term” extension.

Native media outlet IT Chosun reported earlier on Tuesday that manufacturing could be prolonged by a 12 months on the request of Samsung Electronics’ set manufacturing division, citing unnamed tech business sources.

A spokeswoman for Samsung Show declined to touch upon the IT Chosun report.

The stay-at-home development sparked by the coronavirus pandemic led to a 30 p.c quarter-on-quarter spike in international panel demand within the third quarter of the 12 months amid extra TV and pocket book demand, in response to expertise analysis agency TrendForce.

Nevertheless, the agency added that the inflow of extra manufacturing capacities from Chinese language LCD makers was more likely to worsen a provide glut subsequent 12 months.

Samsung had produced LCD panels in each South Korea and China, nevertheless it earlier this 12 months bought a majority stake in its Suzhou LCD manufacturing unit to TCL’s China Star Optoelectronics Know-how unit.

© Thomson Reuters 2020


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