Samsung Display will no longer ship new LCD TV panels in 2023

Samsung Display sold its 8.5 Gen LCD TV panel production line in Suzhou, China in 2021. While, subsequently, pausing its domestic LCD TV panel production in 2022. Now, it clearly indicates that despite some panel inventory in 2022. Samsung Display will no longer ship new LCD TV panels in 2023.

Presently, the company is delivering 4.3 million units in 2022 while mostly with its affiliate Samsung Electronics (Samsung VD). Additionally, IT Home has recognized that the frequent drop in the price of LCD TV Open Cell has resulted in a fall in LG Display’s financial performance in the third quarter of 2022.

In order to overcome this scenario, LG Display steps towards taking further measures. It includes restructuring LCD TV panel production capacity. Whereby, it also includes relocating more production capacity in South Korea and mainland China.