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Samsung plans to relocate workers of now-closed TV LCD biz to chip unit

Update time : 2022-06-15 09:56:08

According to South Korean media reports, Samsung has officially announced that it is abandoning its LCD panel business and fully shifting to OLED panels and quantum dot panels, and the LCD panel production line, which was previously in operation, also ceased operations in June. As Samsung display and chip packaging business belongs to Samsung's device solutions division, so Samsung will LCD panel factory employees transferred to the chip packaging business unit.

At the end of 2021, Samsung made changes to the company's top management and major business units, in which the consumer electronics and mobile business units were merged and renamed the Device Experience Division, led by Vice Chairman and CEO Jong-hee. The Device Solutions Division, which controls Samsung's display and wafer business, is headed by President and Co-Chief Executive Officer Kyung Gye Hyeon. The transfer of 300 Samsung Display LCD panel factory employees to the chip packaging business unit is not the first time Samsung has adjusted the employees of the two divisions, as similar adjustments were made in the first and second half of 2021.
Samsung transferred Samsung Display employees to the chip packaging business unit, mainly in accordance with the plan to exit the LCD panel business. As early as 2020, Samsung had decided to close its LCD panel production line, but due to a major shortage of LCD panels in the second half of 2020, at the request of its TV business unit, making Samsung will close the LCD production line to postpone the plan. Last year, Samsung's Samsung Display finally decided that it would close the only remaining LCD panel factory in South Korea in June this year, officially withdrawing from LCD manufacturing, but Samsung will not completely abandon the LCD TV business. Therefore, Samsung Image Display Division (Samsung VD) still set out positive shipments and external procurement of LCD plans.

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