Samsung Likely To End LCD Manufacturing Soon Due To Reduced Profits
2 years, 6 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 LCD is 36.6 percent of what it used to be in January 2014, the component’s peak production period. Samsung Display had decided to close its LCD business in late 2020, but the plans were delayed at Samsung Electronics’ request due to a sudden increase in the prices of LCD panels during the Covid-19 pandemic.

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History of this topic

Samsung Display working on production line for next-gen OLED: Details here
9 months, 2 weeks ago

Samsung Display working on production line for next-gen OLED: Details here

India TV News  

Samsung Display has stated that it has started to build its new 8.6-generation IT organic light-emitting diode production line, which signalled a strategic move to solidify its leadership position in the global flat-screen market. The company will further transform its existing L8 line into the new A6 line for the 8.6-generation OLED panels focusing on IT devices besides smartphones in …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 2 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 1 month ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 5 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 6 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung completes construction of display manufacturing unit that is shifted from China to Noida
3 years, 6 months ago

Samsung completes construction of display manufacturing unit that is shifted from China to Noida

Firstpost  

Uttar Pradesh CM Yogi Adityanath assured that the state government will continue to extend help to the Samsung company in future as well. Electronics major Samsung has completed the construction of the display manufacturing unit that is shifted from China to Noida in Uttar Pradesh, a release said on Sunday. A delegation of electronics major Samsung led by the company’s …

Samsung Sets up Display Manufacturing Unit in Uttar Pradesh, a Major Shift From China
3 years, 6 months ago

Samsung Sets up Display Manufacturing Unit in Uttar Pradesh, a Major Shift From China

News 18  

Electronics major Samsung has completed the construction of the display manufacturing unit that is shifted from China to Noida in Uttar Pradesh, a release said on Sunday. A delegation of electronics major Samsung led by the company’s Southwest Asia President & CEO Ken Kang called upon Uttar Pradesh Chief Minister Yogi Adityanath on Sunday. The delegation said that owing to …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 8 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Samsung dominates 2020 foldable smartphone market: Report
3 years, 9 months ago

Samsung dominates 2020 foldable smartphone market: Report

India TV News  

Samsung Electronics, the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 per cent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million …

Samsung Display Extends LCD Panel Production Indefinitely as Demand Its Rises Amid Pandemic
3 years, 11 months ago

Samsung Display Extends LCD Panel Production Indefinitely as Demand Its Rises Amid Pandemic

News 18  

Samsung Electronics’ display unit said on Tuesday it will extend production of liquid crystal display panels for TVs and monitors, as more people sought home entertainment during the coronavirus pandemic. Samsung Display’s decision to extend LCD production in South Korea for an unspecified period of time overrides its announcement in March that it would end all production by the end …

Samsung to Unveil 'the Future of the Display' at Its First Look Event on January 6, 2021
4 years ago

Samsung to Unveil 'the Future of the Display' at Its First Look Event on January 6, 2021

News 18  

Samsung has announced that it will unveil a new display technology during an event that is scheduled to take place on January 6, 2021. The South Korean tech giant will also unveil new products at its First Look 2021 event that is taking place a day ahead of CES 2021. Samsung has not exactly revealed the products that are launching …

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products
4 years ago

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products

News 18  

India’s northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea’s Samsung Electronics to set up a Rs 48.25 billion display factory. Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi’s flagship drive to make …

Samsung Electronics to shut down sole China TV factory by November
4 years, 3 months ago

Samsung Electronics to shut down sole China TV factory by November

Live Mint  

Samsung Electronics has decided to shut its only TV factory in China by the end of November, a spokesman said on Monday, the latest in a series of moves by the South Korean firm to shift production from the world's second-largest economy. The TV factory in Tianjin is the only Samsung Electronics TV production base in China, the spokesman said. …

Samsung Electronics to halt production at its last computer factory in China
4 years, 4 months ago

Samsung Electronics to halt production at its last computer factory in China

Live Mint  

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 5 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

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