Samsung has reportedly announced that it is bringing its LCD panel production to a halt by the end of this year. According to The Verge, the Korean electronics giant will instead focus on accelerating the production and development of its Quantum Dot displays with OLED panels instead.
One major reason behind the Korean brand’s decision foregoing LCD production could be due to the rapidly falling prices of the display panel. Brought about by Chinese competitors that have increased production of the component, as well as the weakening demand for TVs around the world.
Samsung’s isn’t the only brand feeling the sting of declining LCD production prices. Even its South Korean competitor, LG, has announced that it will be ending its own LCD production by year’s end as well.
On that note, Samsung has been focusing on its Quantum Dot display production for several years now, as well as the use of OLED panels. The most recent product range to use the two components is its new 8K QLED TV range that come with an array of features such as as bezel-less outlook. Plus Quantum Dot colour and full-array local dimming with more accurate colour reproduction.
(Source: The Verge)