Enlarge/ The regional headquarters of technology company Samsung in Mountain View, California (credit: Getty Images/Smith Collection)
Samsung will stop producing LCD panels as soon as next month, according to industry insiders cited by The Korea Times.
In 1991, a business unit called Samsung Display was formed to produce the panels used in products made by its parent company, Samsung Electronics. Afterward, it was a leading supplier of LCD panels not just for Samsung Electronics but for other companies in the industry as well.
But fierce competition from other suppliers like China's BOE heavily impacted Samsung Display's business. Once the world's leading LCD panel manufacturer, Samsung Display's market share has dropped to just 2 percent.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.