Major TV manufacturers like LG and Samsung They are saying goodbye to the manufacture of their own LCD panels. A few years ago we learned that Samsung had transferred all LCD panel production to Chinese firms such as TCL and HKC, among other manufacturers. In this way, the Samsung subsidiary dedicated exclusively to the manufacture of panels for televisions only produces QD-OLED panels, which are the ones we can see in its highest-end televisions.
LG is also about to follow this path. According to information from the Korean Economic Daily, it is expected that The firm will soon sell its last LCD panel plant to TCL CSOTIn this way, LG would follow in Samsung’s footsteps and depend on China for the production of LCD panels for its televisions.
LG to sell its last LCD panel factory
Those LG TVs that do not use OLED technology, such as the QNED range and other mid-range and entry-level Smart TVs, have LCD panels. These panels They have long since ceased to be profitable for companies like LG and Samsung, as they prefer to expand their efforts in their most innovative technologies and depend on the supply of LCD panels from other manufacturers to continue selling televisions with this technology.
LG appears to have opted for TCL for the last LCD panel factory remaining in Guangzhou, China. The deal between the two companies is expected to be completed before the end of 2024 for a price of around $1.5 billion.
Following the sale of its LCD panel factory, LG would focus exclusively on OLED technologyso it is an opportunity for the firm to expand its production capacity of these panels and focus on improving this technology.
Samsung, for its part, sold all its LCD panel patents to TCL CSOT and exited the LCD panel manufacturing market in 2022. This means that the TVs that Samsung sells that are not QD-OLED, They have panels manufactured by Chinese companies like TCL and many others.
Over the years, China has gained a dominant presence in LCD panel manufacturingIn this way, companies such as TCL and Hisense have managed to dominate the market for panels with Mini-LED technology thanks to their efforts to equip their panels with a large number of local dimming zones and other technologies.
Cover image | LG
Via | FlatpanelsHD
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