News that LG will withdraw from the LCD panel market was denied by the company, which said it wanted to play differentiated competition with Chinese manufacturers and other rivals.
LG denies withdrawing from the LCD panel market.
Core Research Institute August 3 news, in recent years due to the rise of domestic LCD panels, the world's largest large-size LCD panel factory Samsung, LG can not resist. A few days ago there was news that LG will withdraw from the LCD panel market, but was denied by the company, said to fight with Chinese manufacturers and other rivals to differentiate competition.
Previously, LG proposed to stop production of South Korean LCD panel factory at the end of 2020, the Guangzhou panel factory invested in China is also considering to cut production capacity, or increase OLED panel production capacity. But the second half of 2020, LCD panels from the previous price drop to price increases, LG's attitude has changed, and now there will be no consideration of discontinued production.
In the long run, LCD panels will still have a price reduction cycle, but LG stated that it wants to differentiate itself in the LCD market, and now it is also adjusting the LCD production line, the LCD factory originally used for the production of TVs will be converted to produce LCD panels for IT equipment. In addition, LG also plans to reduce LCD cell panel production by half, focusing on the production of commercial and large-size equipment with higher profit delivery.
LG denied withdrawing from the LCD panel market: compete with China to the end
