Samsung Display has been working on exiting its LCD business since it announced its plan to phase out its LCD production in 2022. Recent reports indicate that the company plans to sell even more 8th generation LCD equipment, solidifying its commitment to an OLED business path. The company has been gradually scaling back its LCD production capabilities as part of its broader strategy to focus on more profitable and high-tech display technologies like OLED.
According to reports from Korean media outlet The Elec, Samsung Display has been actively looking to offload its 8th-generation LCD manufacturing equipment in order to accelerate its exit from the LCD market. This move is seen as a significant step towards the company's goal of becoming a leading player in the OLED industry.
The move is seen as a strategic decision by Samsung Display to prioritize its OLED business, which is expected to be more lucrative in the long-term. The company has been investing heavily in OLED technology in recent years, with the aim of becoming the leading supplier of OLED displays to the electronics industry.
In addition to the sale of its LCD equipment, Samsung Display has also been working to improve the efficiency and productivity of its OLED production lines. The company has been investing in new technologies and manufacturing processes in order to reduce costs and increase output.
The decision to exit the LCD business and focus on OLED is seen as a brave move by Samsung Display, but one that is likely to pay off in the long-term. The company's commitment to investing in OLED technology and production capacity is likely to make it a leading player in the industry.
In conclusion, Samsung Display's decision to sell its 8th generation LCD equipment and focus on OLED production is a significant step towards its goal of becoming a leading player in the display industry. The company's commitment to investing in OLED technology and production capacity is likely to make it a major player in the industry in the years to come.