LG Display to streamline LCD biz amid mounting losses
5 years, 3 months ago

LG Display to streamline LCD biz amid mounting losses

The Quint  

Seoul, Sep 17 LG Display Co. on Tuesday said it will begin a voluntary retirement programme as part of cost-cutting efforts amid mounting losses from its liquid crystal display business. The display making unit of LG Electronics Inc. said it will accept early retirement from manufacturing employees who have worked over five years and will consider taking applications from office workers later. LG Display said the retirement programme is part of its cost-cutting efforts and transition from money-losing LCDs to a more profitable organic light-emitting diode business, Yonhap news agency reported. "LG Display has been in emergency management mode due to the worsening business environment and profits amid falling LCD prices and toughening global competition driven by Chinese manufacturers," the company said in a statement.

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History of this topic

LG Display to supply OLED TV panels to Samsung: report
1 year, 7 months ago

LG Display to supply OLED TV panels to Samsung: report

The Hindu  

South Korea's LG Display Co Ltd. will start supplying high-end TV panels to Samsung Electronic Co Ltd. from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. Samsung Electronics, the world's biggest TV manufacturer, has been slower than its hometown rival LG Electronics Inc. in embracing OLED TVs, arguing …

LG creates world's 1st high-resolution display that stretches by 20%
2 years, 2 months ago

LG creates world's 1st high-resolution display that stretches by 20%

India TV News  

LG Display has unveiled the world's first 12-inch high-resolution display which is capable to stretch by up to 20 per cent and is equipped with outstanding free-form technology that enables it to be extended, folded and twisted without distortion or damage. This 12-inch display, which is based on a highly resilient film-type substrate made of specialised silicon used in contact …

Samsung Likely To End LCD Manufacturing Soon Due To Reduced Profits
2 years, 7 months ago

Samsung Likely To End LCD Manufacturing Soon Due To Reduced Profits

News 18  

South Korean tech giant Samsung is reportedly planning to close down its last liquid-crystal displays production lines. The decision to close the LCD business, by Samsung Display, will be completed by June of 2022 as the company faces tough competition from its Chinese and Taiwanese counterparts, reports GizmoChina. A recent Display Supply Chain Consultants revealed that the price of an …

LG to Unveil Its First QNED Mini LED 8K TV at Virtual CES 2021
4 years ago

LG to Unveil Its First QNED Mini LED 8K TV at Virtual CES 2021

News 18  

LG is known for its OLED display TVs, but the company today announced that it would unveil new mini-LED smart TV models at CES 2021, stated to take place between January 11 to 14, 2021. The South Korean tech company adds that its first-ever QNED Mini LED TVs would arrive in ten distinct sizes with both 4K and 8K screen …

Samsung and LG to show off latest AI tech, displays at CES 2020
5 years ago

Samsung and LG to show off latest AI tech, displays at CES 2020

India TV News  

Major South Korean tech giants, including Samsung Electronics Co. and LG Electronics, are ready to boast their latest technologies in the field of artificial intelligence and displays at the upcoming US consumer electronics show, industry watchers said on Sunday. Earlier this year, LG Electronics filed a complaint with South Korea's corporate watchdog over a Samsung LG said Samsung's QLED TV …

LG Display aims to diversify suppliers due to South Korea-Japan spat
5 years, 5 months ago

LG Display aims to diversify suppliers due to South Korea-Japan spat

Live Mint  

Seoul: LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea. Japan this month placed restrictions on the export to South Korea of three high-tech materials used particularly in making chips and displays, in a move widely attributed …

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