Samsung pulls out of LCD panel market to bet on quantum dot OLED
Hyung-suk Song
Aug 31, 2020 (Gmt+09:00)
Samsung Display Co. Ltd. has sold its LCD panel plant in China to China Star Optoelectronics Technology (CSOT) for $1.08 billion, withdrawing from the low-margin liquid crystal display (LCD) market.
The pullout is part of Samsung’s efforts to concentrate on high-value organic light-emitting diode (OLED) panels to which the technology giant will add quantum dot (QD) technology to boost screens' color performance.
Under the agreement with CSOT, the display maker owned by Chinese electronics company TCL Technology has acquired Samsung Display’s two units running the LCD plant in Suzhou, according to TCL Technology’s regulatory filing on August 28.
CSOT, China’s No.2 display manufacturer, already took an additional 10% stake in one of the units. With the acquisition, it will expand its presence in the large-size LCD panel market.