Tue, Dec 29, 2020 – 12:32 PM
[SEOUL] Samsung Electronics stated on Tuesday it’ll lengthen manufacturing of liquid crystal show (LCD) panels for TVs and screens, as stay-at-home traits of the coronavirus pandemic created an uptick in demand.
Samsung Show’s choice to increase LCD manufacturing in South Korea for an unspecified time period overrides its announcement in March that it will finish all manufacturing by the tip of the yr to concentrate on extra superior expertise.
Samsung Show stated the size of the extension would rely on market situations. It had stated in late October that it was contemplating a “short-term” extension.
Native media outlet IT Chosun reported earlier on Tuesday that manufacturing could be prolonged by a yr on the request of Samsung Electronics’ set manufacturing division, citing unnamed tech business sources.
A spokesperson for Samsung Show declined to touch upon the IT Chosun report.
The stay-at-home pattern sparked by the coronavirus pandemic led to a 30 per cent quarter-on-quarter spike in world panel demand within the third quarter of the yr amid extra TV and pocket book demand, based on expertise analysis agency TrendForce.
Nonetheless, the agency added that the inflow of extra manufacturing capacities from Chinese language LCD makers was more likely to worsen a provide glut subsequent yr.
Samsung had produced LCD panels in each South Korea and China, however it earlier this yr offered a majority stake in its Suzhou LCD manufacturing unit to TCL Expertise Group’s China Star Optoelectronics Expertise unit.