According to local reports Samsung has sold its giant Chinese LCD panel factory to China Star Optoelectronics Technology (CSOT) for $1.08 billion.  Samsung says it is withdrawing from production of LCD panels.

Instead Samsung Display will focus on higher-value organic light-emitting diode (OLED) panels which it will manufacture using its quantum dot technology which is designed to boost the screen’s colours.

The news emerged from a regulatory filing from TCL Technology, which owns CSOT, and which will see Samsung’s two factories in Suzhou, a city some 66 kms northwest of Shanghai pass into ownership of TCL/CSOT.

CSOT is already China’s second-largest display manufacturer.

The Samsung news echoes a similar decision made by LG Display which has an LCD panel factory in Guangzhou, China and which has already announced plans to switch from LCD output to OLED.

Other posts by :

1. Crossroads backs AST SpaceMobile
2. FCC examines SpaceX’s 15,000 sat-constellation plan
3. EchoStar: “Severe uncertainty” led to spectrum sales
4. Netflix gets downgrade on Warner Bros move
5. UK trims Orbex investment
6. Euro-bank sets up €500m space fund
7. Revenue jump forecast for Eutelsat
8. Moody’s upgrades Eutelsat’s debt rating
9. Rivada Space Networks wins spectrum dispute

Categories: Articles, Equipment, UHD

Tags: OLED, samsung