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Samsung Display Cuts LCD Production to Focus on QD-OLED

Its home rival LG Electronics Inc. has also been shifting its focus from LCD to OLED panels to boost its bottom line amid a flood of cheap Chinese LCD panels in the market

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To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth. Wikimedia Commons

Cutting down on the production of liquid crystal displays (LCD) by Samsung Display Co., in response to dropping profits, can also be seen as the company’s move to shift its focus to a new type of organic light-emitting diode (OLED) panel, industry officials said on Wednesday.

The display making subsidiary of Samsung Electronics Co. has trimmed LCD production at its Asan factory, about 100 km south of Seoul, while preparing a large-scale investment for Quantum Dot (QD) OLED panels, a type of hybrid display that uses both OLED and quantum dot technology, according to them.

“We have adjusted production in some of the LCD lines due to rising deficits amid a global supply glut but haven’t yet confirmed investment plans for QD-OLED panels,” a Samsung Display official said, asking not to be named, Yonhap news agency reported.

“It has become an inevitable industry trend as other LCD makers are decreasing supplies amid a sharp fall in prices.”

Some industry watchers speculated that Samsung will soon stop some LCD lines and announce an investment plan for QD-OLED panels to focus on a more profitable segment.

Samsung Display, a leading smartphone OLED panel maker, already uses its QD technology for premium TVs and is well-positioned to develop the new type of display.

samsung, better selfie camera
Samsung declined to disclose its sales target for the new Note series, but said it expected to achieve higher sales volume than the predecessor Note 9 models. Pixabay

“Samsung Display is expected to phase out its LCD line at its Asan factory, realign its large display business and speed up its push for QD-OLED ” Kim Dong-won, an analyst at KB Research, said noting that QD-OLED investment will be over 10 trillion won ($8.3 billion).

If the investment plan is confirmed, it would be the first in seven years for Samsung Display to produce OLED panels for TVs. The firm had supplied 55-inch OLED panels to Samsung Electronics in 2012, but it halted production in the next year due to a low yield rate.

Samsung Display suffered a deficit of 61 billion won on sales of 11.8 trillion won in the first half of this year, its financial report showed.

Also Read: Liquidity Stance Moved to Positive by RBI

Its home rival LG Electronics Inc. has also been shifting its focus from LCD to OLED panels to boost its bottom line amid a flood of cheap Chinese LCD panels in the market.

In a conference call last month, its display making unit LG Display Co. said it has transformed two of three of eighth-generation LCD lines to OLED manufacturing and is considering halting its last remaining line depending on the market situation. (IANS)

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Samsung Unveils Galaxy M31 Smartphone in India

Samsung launches Galaxy M31 in India starting from Rs. 15,999

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Samsung Galaxy M31
Samsung on Tuesday launched its new smartphone Galaxy M31 in India starting from Rs 15,999. Wikimedia Commons

Samsung on Tuesday launched its new smartphone Galaxy M31 in India starting from Rs 15,999. This is the latest science and technology news.

Galaxy M31 is the newest addition to the popular Galaxy M series. Till date, the company has launched six models – Galaxy M10, M20, M30, M40, M10s and M30s – under the M series in 2019.

“We now bring Galaxy M31 keeping in mind the needs and aspirations of our young millennial consumers,” Asim Warsi, Senior Vice President, Mobile Business, Samsung India said in a statement.

Samsung Galaxy M31
Samsung on Tuesday launched its new smartphone Galaxy M31 in India starting from Rs 15,999. (Representational Image). Pixabay

The smartphone will come in two memory variants, 6/64GB priced at Rs 15,999 as well as 6/128GB for Rs 16,999 and will be available at Amazon.in, Samsung.com along with select retail stores from March 5, 12 noon.

The phone is equipped with 6.4-inch super AMOLED display and features quad-camera setup — 64MP Main Lens, 8MP Ultra-Wide Lens, 5MP Macro Lens and 5MP depth lens. There is also a 32MP front camera.

Also Read- Microsoft Introduces New Features to Xbox Series X

The device is powered with the Exynos 9611 upto 2.3GHz Octa Core processor and will run on Android 10 out of the box with Samsung’s new One UI 2.0.

Additionally, the phone houses a 6000mAh battery with an in-box Type C 15W fast charger. (IANS)