Products ﹥ Hot News > Industrial News > KOREAN FACTORIES STOP PRODUCING LCD PANELS, INNOLUX AND AUO WELCOME TRANSFER
South Korean panel makers have reduced their LCD panel production capacity. LGD’s LCD panel production lines in South Korea have completely stopped producing TV panels. The Guangzhou plant plans to transfer 50% of its production capacity to IT panels. Next year’s TV panel shipments are estimated to be only 7 million pieces. Samsung Display will no longer produce LCD panels next year, and it is estimated that the shipments of LCD TV panels by the two Korean panel makers will decrease by another 14 million next year. Korean panel makers withdrew from LCD TV panels, and the two major Korean TV brands will also release panel purchase orders. Taiwan's panel double tiger welcomes the order transfer.
The deteriorating profit rate of LCD TV panels has prompted Korean panel makers to speed up their exit from the LCD panel market. Change strategy. Samsung Display sold its Gen 8.5 line in Suzhou in 2021 and completely stopped LCD TV panel production in its home country of South Korea in 2022. This means that apart from some panel inventory in 2022, Samsung Display will not have any new LCD TV panel shipments in 2023. Samsung Display's LCD TV panel shipments in 2022 will be 4.3 million, but they will mainly be sold to Samsung VD, a subsidiary of the group.
Xie Qinyi, research director of Omdia Display, said that LGD's LCD TV panel shipments in 2022 will be about 18 million pieces. 12 million pieces were lowered to only 7 million pieces. The P7 production line in South Korea will gradually stop LCD panel production in the first quarter of next year, and undergo equipment transformation to convert to WOLED panel production with Oxide TFT as the backplane. As for the P8 production line, the product line will be adjusted. The future product planning will focus on IT, public display and industrial use panels, while gradually reducing the production of TV panels. LGD's 8.5-generation line in Guangzhou produces 55-inch, 65-inch and 75-inch LCD TV panels. In the future, the production capacity allocation of IT panels will increase to about 50%, while the production capacity of TV panels will decrease. With the shutdown of the P7 production line, the supply of 43-inch and 50-inch panels will be stopped. After the restructuring of the P8 production line, the supply of 55-inch, 65-inch, 86-inch and 98-inch panels will be greatly reduced, and the Guangzhou production line will mainly produce 55-inch panels. , 65-inch and 75-inch panels.
The capacity reorganization and shutdown plan of Korean panel factories will not only affect the supply and demand of LCD TV panels in 2023, but also a key indicator for mainland panel manufacturers to further dominate the supply capacity. After the suspension of its own LCD panel supply, the two major Korean TV brands will all rely on outsourcing, and Panel Shuanghu is also expected to undertake more panel purchase orders.
