Samsung Electronics mentioned on Tuesday it can prolong manufacturing of liquid crystal show (LCD) panels for TVs and displays, as stay-at-home developments of the coronavirus pandemic created an uptick in demand.
Samsung Display’s choice to increase LCD manufacturing in South Korea for an unspecified time period overrides its announcement in March that it could finish all manufacturing by the top of the yr to give attention to extra superior know-how.
Samsung Display mentioned the size of the extension would rely upon market circumstances. It had mentioned in late October that it was contemplating a “short-term” extension.
Local media outlet IT Chosun reported earlier on Tuesday that manufacturing could be prolonged by a yr on the request of Samsung Electronics’ set manufacturing division, citing unnamed tech trade sources.
A spokeswoman for Samsung Display declined to touch upon the IT Chosun report.
The stay-at-home pattern sparked by the coronavirus pandemic led to a 30 % quarter-on-quarter spike in international panel demand within the third quarter of the yr amid extra TV and pocket book demand, in line with know-how analysis agency TrendForce.
However, the agency added that the inflow of extra manufacturing capacities from Chinese LCD makers was prone to worsen a provide glut subsequent yr.
Samsung had produced LCD panels in each South Korea and China, nevertheless it earlier this yr offered a majority stake in its Suzhou LCD manufacturing unit to TCL’s China Star Optoelectronics Technology unit.
© Thomson Reuters 2020
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