At the end of last month, a Samsung Display spokesperson had said that the company had decided to permanently close the LCD panel business by the end of this year, but Samsung had not made a decision on the future operation of its Chinese factory, but industry sources recently revealed that Samsung It may sell its 8th generation production line in Suzhou to TCL Huaxing Optoelectronics.
According to Korean media reports, in the face of increasing competition from Chinese competitors, Samsung Display ’s LCD division is increasingly shrinking. For this reason, the company decided to completely withdraw from the LCD market, aiming at high-end display technologies such as OLED and QLED.
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The report pointed out that Samsung's 7th-generation LCD production line in South Korea will be renovated and converted to OLED and QD panels; in addition, since 2019, this Korean display company has been committed to its LCD L8 production line located in Nanchang Transformed into QD production line.
At the same time, Korean media pointed out that Samsung Display is most likely to sell its 8-generation LCD display production line in Suzhou, China. It is reported that Samsung owns 60% of the production line, while Huaxing Optoelectronics holds 10% of the shares, and the rest is owned by the Suzhou Municipal Government. Some market observers said that Samsung may sell its shares to Huaxing Optoelectronics.
On the other hand, due to Samsung Display's withdrawal from the LCD stage, BOE, Huaxing Optoelectronics or Innolux will become the suppliers of LCD screens for Samsung Electronics.
