Samsung Display will cease manufacturing liquid crystal displays for TV screens in June, six months earlier than expected. This is due to growing losses driven by cheaper rival products, according to industry sources reported in the Korea Times(opens in new tab).Instead, the company will concentrate on its production of OLED and quantum dot displays, with employees from its LCD arm expected to be transferred to the latter business. Figures provided by U.S market research firm Display Supply Chain Consultants (DSCC) suggest that the average price index of LCD panels will fall to 36.6 in September when measured against a score of 100 in January 2014, beating its previous record low of 41.5 in April. Samsung Display’s profits from LCD production have been declining for several years due to increased competition from Chinese and Taiwanese manufacturers, and the company was said to be considering withdrawing from the market in 2020.
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