LG has sold its last-remaining LCD TV panel production facility. The factory, based in Guangzhou, China, has been sold to TCL for 2 trillion won (€1.35bn). It will be handed over to the new owners on March 31st 2025. The plant is currently busy producing low-end and mid-range LCD TV panels used in various products, […]

Display Supply Chain Consultants (DSCC), in its latest quarterly TV and panel technology capacity outlook, suggests that China is expected to overtake South Korea by 2028. DSCC expects display capacity to rise at a 1.4 percent CAGR from 2023 to 2028, with LCDs growing at just a 1 per cent CAGR and OLEDs growing at […]

A report from TrendForce, which monitors the market for TV panels globally, says that while the increase in TV shipments is good, although slight, and that regional variances and shifting consumer behaviour still leaves some room for concern. For example – and as reported by Display Daily – China, traditionally a strong market, saw weaker–than–expected […]

High–quality OLED screens have enjoyed a 50 per cent year–on–year growth as they increasingly get installed in TVs, monitors, smartphones and tablets. Q2 2024 saw strong demand according to a report from Display Supply Chain Consultants (DSCC) which said that TV panel production at Samsung Display “continues to lead with double–digit share for all OLED […]

LG Display is making its final move to exit LCD production by selling off its Guangzhou, China-based production factory. It is asking about $1.5 billion (€1.37bn) for the site and its facilities. LG Display had already sold in 2022 its Paju, South Korea facility and had made no secret of its wish to exit LCD […]

LG Electronics has announced second-quarter 2024 consolidated revenue of KRW 21.69 trillion and (€14.4bn) operating profit of KRW 1.20 trillion, reflecting an 8.5 per cent year-over-year increase in revenue and a 61.2 per cent surge in operating profit. These figures mark new records for the highest second-quarter revenue and operating profit in the company’s history. […]

LG Electronics (LG) is set to begin the global rollout of its new OLED evo M4 series TV with the accompanying Zero Connect Box that provides wireless connectivity between the TV and the receiver. The company is presenting the new model in 65, 77, 83 and 97 inches. Powered by the LG α (Alpha) 11 […]

LG Electronics has announced first-quarter 2024 consolidated revenue of KRW21.09 trillion (€0.014tn) and operating profit of KRW1.33 trillion. The company’s home appliance sector achieved record-breaking revenue and double-digit operating profit margins. The EV components sector, a key driver of future growth, continued its steady expansion. Both the TV and business solutions sectors experienced year-on-year sales […]

LG Display has reported its Q4 numbers bouncing back into positive territory with its first operating profit in seven quarters, helped by rising shipments of panels for TVs and smartphones. LG Display, a major manufacturer of display panels, reported an operating profit of 131.7 billion won (€90.2 million) for Q4 2023, compared with an operating […]

According to data from DSCC (Display Supply Chain Consultants) there will be a meaningful recovery in the sale of some advanced, high-end and smart TVs as this year unfolds. Advanced TV shipments declined in both units and revenue in 2023, but both units and revenue are forecasted to resume growth in 2024, according to the […]