Samsung Electronics said on Tuesday it will produce liquid crystal display (LCD) panels for TVs and monitors as the stay-at-home trends of the coronavirus epidemic create an increase in demand.
Samsung Display decision to expand LCD It was announced in March that production in South Korea would end all production by the end of the year to focus on more advanced technology for an unspecified period.
Samsung Display The length of the extension is said to depend on market conditions. At the end of October it said it was considering a “short-term” extension.
Local electronics company IT Chosun reported earlier on Tuesday that it would extend production to one year at the request of Samsung Electronics set manufacturing unit, citing unnamed tech industry circles.
Samsung Display spokesperson IT Chosun declined to comment on the report.
The tendency to stay at home Corona virus Global panel demand led to a 30 percent increase in pandemic in the third quarter of this year, according to technology research firm Trendforce.
However, the company said that the influx of more production capacity from Chinese LCD manufacturers is likely to further exacerbate the supply shortage next year.
Samsung has produced LCD panels in both South Korea and China, but earlier this year sold a majority stake in its Suzhou LCD production unit to TCL’s China Star Optoelectronics Technology Unit.
© Thomson Reuters 2020
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