SEOUL (Reuters) - South Korean panel maker Samsung display has decided to quit all of its manufacturing of liquid crystal display (liquid crystal display) panels in South Korea and China through the end of this year, a spokeswoman stated on Tuesday.

Samsung show, a unit of South Korean tech massive Samsung Electronics Co Ltd, stated in October that it suspended one in all its liquid crystal display production lines at domestic amid falling call for for liquid crystal display panels and a deliver glut.

“we can supply ordered LCDs to our clients via the end of this 12 months without any issues,” the corporation said in a announcement.


In October, the Apple Inc supplier stated it's going to invest thirteen.1 trillion received ($10.72 billion) in facilities and studies to improve a manufacturing line, as it contends with oversupply amid weak global demand for smartphones and TVs.

The funding for the next five years will be focused on changing one of its South Korean lcd strains right into a facility to mass produce more advanced “quantum dot” monitors.

The organisation runs liquid crystal display manufacturing lines at factories in South Korea and two liquid crystal display-simplest factories in China.

Samsung has not but determined at the destiny operation of its factories in China, stated the spokeswoman.

Samsung display’s cross-city rival LG show Co Ltd stated earlier this year that it'll halt home manufacturing of lcd tv panels via the cease of 2020.