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“Display” is one of South Korea’s main industries, once occupying more than 40% of the global market share. However, according to South Korean media reports, a subsidiary of Samsung Group will close its last LCD production line this month. At the same time, another major Korean brand, LG, is also adjusting the focus of its display business. High precision cheap price Professional OEM Custom CNC carving machine
Asan, Chungcheongnam-do, in the central and western part of South Korea is an important high-tech industrial city in South Korea, where an important display park of Samsung is located. The LCD production line here mainly supplies large LCD panels for Samsung TVs. However, within this month, the only remaining LCD production line will be shut down, and hundreds of employees will be transferred to other departments such as semiconductors. Samsung has been involved in the LCD business since 1991, and as of this month, the business that has lasted about 31 years will completely leave the stage of history.
In fact, Samsung’s move is not surprising. As early as five or six years ago, the competitiveness of Samsung’s LCD products continued to decline. On the one hand, the advantage of core technology leading global competitors is getting smaller and smaller, on the other hand, product prices are difficult to reduce due to cost pressure. As profits dwindled, Samsung Display devised a plan to shut down LCD production lines in stages. High precision cheap price Professional OEM Custom CNC carving machine
At the same time, LG Display, another major display maker in South Korea, is also compressing its LCD business and, like Samsung, is also adopting a strategy of switching to new-generation panels such as organic light-emitting diodes (OLEDs). However, from the perspective of downstream applications, currently TVs, computers and car monitors are mainly equipped with traditional LCD panels. Especially in the TV market, LCD is still the most widespread choice. Therefore, in the future, the LCD panels required for Samsung LCD TVs will not be able to supply themselves, which has also caused many people’s concerns.
According to data from the Korea Display Industry Association, in the global LCD market last year, the market share of Korean companies has dropped from more than 40% to just over 10%. Not only that, the industry believes that the OLED technology that Korean companies have invested heavily in promoting may also be overtaken by other global manufacturers within four or five years. Industry insiders call on the Korean government to introduce policies such as tax relief and talent support for the display industry that are comparable to the semiconductor industry, so as to ensure that the status of the display industry as the main industry will not be shaken. High precision cheap price Professional OEM Custom CNC carving machine
