Samsung may purchase LCD TV panels from LGD

by:Kimeery     2021-06-08

According to Yonhap News, industry sources revealed that Samsung Electronics, which is undergoing a transformation in its panel business, is negotiating with its competitor LG Display to purchase LCD TV panel products.

Previously, Samsung Display, a display manufacturer under Samsung Electronics, announced that it will stop producing LCD displays from next year and will accelerate its shift to the development of quantum dot (QD) displays.

Industry insiders initially predicted that Samsung Electronics may purchase LCD screens from Chinese companies such as NationStar Optoelectronics, BOE, and Sharp. Analysts predict that if Samsung Electronics and LG Display reach a deal, the value of LG Display's supply will reach between 1 trillion and 2 trillion won (approximately 5.7 billion to 11.4 billion yuan). LG Display plans to supply large LCD screens at its manufacturing plant in Guangzhou.

Although Samsung Electronics and LG Display are competing in the TV industry, when Sharp suddenly decided to reduce panel supply in 2017, Samsung Electronics purchased 65-inch and 75-inch LCD TV panels from LG Display. product.

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