Samsung quits LCD and bets on Quantum OLEDs
September 1, 2020
By Chris Forrester
According to local reports Samsung has sold its giant Chinese LCD panel factory to China Star Optoelectronics Technology (CSOT) for $1.08 billion. Samsung says it is withdrawing from production of LCD panels.
Instead Samsung Display will focus on higher-value organic light-emitting diode (OLED) panels which it will manufacture using its quantum dot technology which is designed to boost the screen’s colours.
The news emerged from a regulatory filing from TCL Technology, which owns CSOT, and which will see Samsung’s two factories in Suzhou, a city some 66 kms northwest of Shanghai pass into ownership of TCL/CSOT.
CSOT is already China’s second-largest display manufacturer.
The Samsung news echoes a similar decision made by LG Display which has an LCD panel factory in Guangzhou, China and which has already announced plans to switch from LCD output to OLED.