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South Korean screen manufacturer, Samsung Display said on Tuesday that it would be halting all production of LCD panels in South Korea and China by the end of 2020. The company is doing this in order to produce more advanced screen panels, according to its spokesperson.
The extension of tech giant Samsung Electronics Co Ltd previously said in October that it had postponed one of its LCD productions lines in South Korea as demand declined.
Later, the company announced that it would be investing 13.1 trillion Won ($10.72 billion) for the expansion of facilities as well as research to improve manufacturing. The investment in 5 years will be concentrating in turning one of its South Korean LCD plants to mass produce the more advanced ‘Quantum Dot’ panels.
The company currently has two LCD production lines in plants located in South Korea and two more in China. Samsung has yet to release information on future plans for its factories in China.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
KYC Policy