LG Display, one of the world’s leading manufacturers of display panels, has announced that it will cease production of LCD TV panels by the end of 2022. The decision marks a major shift for the company, which has been a major player in the TV panel market for decades.
It also signals a larger shift away from LCD technology in the TV industry as a whole, as consumers and manufacturers increasingly turn to newer, more advanced display technologies like OLED and QLED.
The announcement from LG Display comes as no surprise to industry analysts, who have been predicting the end of LCD TV panel production for some time. LCD, or liquid crystal display, technology has been around for decades and has been a mainstay of the TV industry for almost as long. However, in recent years, newer display technologies like OLED and QLED have emerged, offering superior picture quality, faster refresh rates, and wider viewing angles.
As a result, many consumers have been opting for TVs with OLED or QLED displays, leading to a decline in demand for LCD TVs. This trend has been exacerbated by the COVID-19 pandemic, which has led to a slowdown in the global economy and a decrease in consumer spending on electronics. In this environment, it has become increasingly difficult for manufacturers like LG Display to justify the cost of maintaining LCD panel production lines.
The decision to end LCD TV panel production is a major shift for LG Display, which has been a leader in the industry for decades. The company is known for its high-quality panels and has supplied TV manufacturers around the world with LCD panels for many years. However, with the increasing popularity of OLED and QLED displays, LG Display has had to adapt to stay competitive in the market.
In recent years, the company has been investing heavily in OLED technology, which it sees as the future of display technology. OLED, or organic light-emitting diode, is a newer technology that offers a number of advantages over LCD. It has a faster refresh rate, wider viewing angles, and deeper blacks, which give it superior picture quality. In addition, OLED panels are thinner and lighter than LCD panels, making them ideal for use in TVs with slim, bezel-less designs.
While the decision to end LCD TV panel production may be a blow to LG Display’s bottom line in the short term, the company is confident that its investment in OLED technology will pay off in the long run. By focusing on OLED, LG Display is positioning itself to be a leader in the next generation of display technology, which is expected to drive the TV market in the coming years.
The end of LCD TV panel production by LG Display is also a sign of the larger shift away from LCD technology in the TV industry. Many other manufacturers have already made the switch to OLED or QLED, and it is expected that more will follow in the coming years. This shift is being driven by consumer demand for better picture quality and more advanced features, as well as by the declining cost of OLED and QLED technology.
In conclusion, the decision by LG Display to end LCD TV panel production marks a major shift for the company and for the TV industry as a whole. It signals the end of an era for LCD technology and the beginning of a new one for OLED and QLED.
While the transition may be challenging for LG Display in the short term, the company is confident that its investment in OLED technology will position it for success in the long run. As for consumers, the shift to OLED and QLED is likely to bring about even better picture quality and more advanced features in the future.