Samsung Supposedly Plans to Sell Their LCD Factory to Focus on OLED Tech

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Out with the old and in with the new seems to be Samsung's motto, at least as far as their factories are concerned. According to the latest report from Korea, Sammy is planning on selling their LCD factory so they can focus exclusively on new and future OLED display tech.

Considering they are the forerunners with that technology, it's not surprising they want to double-down on it. Not only do they supply themselves with OLED display tech for various products, many of the other electronics companies globally get some of their OLED stuff from them too. According to the report, Samsung has already shut down its L5 LCD production facility, and plans to sell off any idle equipment. This sell off could generate tens of billions of won for the company. Here's a quote with a few more details,

Demand for mobile OLED display panels seems to be increasing, with other smartphone manufacturers looking to place orders for next generation products. Samsung is said to have struck a supply deal with Huawei and even Apple is rumored to be looking at purchasing AMOLED panels from Samsung. Apparently, the deal may have an exclusive production clause to ensure supply, which could be where the L5 facility comes in.

It seems that OLED is turning into the next big wave of the future in display tech. Samsung is wise to be on the pioneering end of it.

Source: AndroidAuthority