Earlier this year, Samsung Display has announced that it will end the production of LCD panels by the end of 2020. The company said that it will switch to the QLED technology, and to help with the transition, it tied up with Sharp. Now, it is being reported that Samsung has acquired additional equipment that's required to speed up the migration process.
Samsung Display has announced that it has brought in Quantum Dot display manufacturing equipment and has transported it to its Asan plant that's situated 90km away from Seoul, South Korea. The transition is expected to be completed by the end of 2020, and multiple test operations stages are scheduled for early next year. QLED displays offer higher brightness and more color volume than traditional LCD displays.
Last October, the company announced its plans to invest KRW 13 trillion (around $10.8 billion) by 2025 to upgrade its LCD plants to QLED plants. Since then, the company has been working on the upgrade process. Samsung Display is also working on improving the profitability factor in manufacturing QLED screens.
The company had temporarily increased the production of LCD panels as COVID-19 boosted the demand for monitors. Samsung had stopped the manufacturing of LCD panels last year due to lower sales and surplus stocks as Chinese firms started selling the bulk of LCD TVs in the lower-end segment. Now, the company is focusing on QLED, microLED, and QD-OLED technologies for its TVs.
