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Samsung Show considers suspending output at South Korean LCD plant – Information by Automobilnews.eu

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Samsung Show considers suspending output at South Korean LCD plant


Guests are seen at South Korean multinational electronics conglomerate Samsung’s sales space in Hong Kong, on July 28, 2019.

Budrul Chukrut | SOPA Pictures | Getty Pictures

South Korean panel maker Samsung Show stated on Friday it’s contemplating suspending one in all its liquid crystal show (LCD) manufacturing traces at residence because of a provide glut.

Samsung Show, a unit of Samsung Electronics, at present operates two LCD manufacturing traces in South Korea and one in China.

“Samsung Show has been adjusting the manufacturing output and facility operation because of oversupply and worsening profitability, and we’re nonetheless contemplating the suspension of the road, however nothing has been determined,” the corporate stated in a press release.

Rising competitors from Chinese language rivals, a shift to extra superior OLED (natural mild emitting diode) panels and slowing demand for smartphones have led to falling off take and weak costs of LCD panels for South Korean show makers.

Samsung Show’s cross-town rival LG Show transformed one in all its LCD manufacturing traces to an OLED (natural mild emitting diode) manufacturing line, a path that Samsung Show might also take, Park added.

LG Show can be contemplating numerous eventualities for its remaining LCD manufacturing line in South Korea, stated LG Show Chief Monetary Officer Suh Dong-hee at an earnings briefing final month.

Costs for LG Show’s major product, 50-inch TV LCDs, slid as a lot as 7.5% in April-June versus the identical interval final 12 months, knowledge from WitsView, which is a part of analysis supplier TrendForce, confirmed.

Samsung Show considers suspending output at South Korean LCD plant – Information by Automobilnews.eu
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