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LG Display, a major Korean display maker, is expected to stop producing liquid-crystal display (LCD) panels for TVs by the end of this year at the earliest, industry sources said Monday, amid falling profitability and fierce competition from Chinese rivals.
The company said in a regulatory filing last week that it was reviewing an end of production at its LCD TV panel factory in Paju, Gyeonggi, without specifying the exact date of production suspension.
The panel maker has been scaling down its loss-making LCD TV panel business, with a goal of discontinuing domestic production as early as possible. It has also said it will reduce production in China in a phased manner.
Demand was falling at an "unprecedented level" both for LCD and premium organic light-emitting diode (OLED) panels, the company said during an earnings call in October, after years of pandemic-driven strong growth for personal IT devices.
Facing mounting challenges, the company has been trying to turn its business around by putting more resources in LCD panels for IT products and high-margin OLED business and expanding its high-value make-to-order business.
Kim Yang-jae, an analyst at Daol Investment & Securities, forecast OLED panels will make up for more than 60 percent of LG Display"s revenue by 2023, up from less than 40 percent in 2021.
LG Display"s fourth-quarter operating profit is forecast to be around 515.9 billion won, according to an estimate by Yonhap Infomax, the financial news and information arm of Yonhap News Agency.
Samsung Display, Samsung Electronics" display unit, had scaled down its LCD TV panel business since mid-2010 and completely stopped production in June.

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Samsung Electronics is close to ordering millions of OLED TV panels from LG Display, according to new reports from MTN, ETNews,and Seoul Economic Daily. Officials reportedly met recently to agree to the deal, which would see 1 million panels supplied to Samsung in the second half of this year, rising to 4 million panels next year. If the deal is finalized, it would be the first time Samsung has bought OLED panels from its South Korean rival and market leader. TVs with LG’s OLED panels consistently rate amongst the best in professional reviews.
Samsung exited the OLED TV market over half a decade ago. Today, LG Display supplies OLED panels to a variety of TV manufacturers including Sony, Vizio, and Hisense, as well as LG Electronics. Last year LG Display announced an expansion of its OLED production lines, and market research firm TrendForce says its production capacity is due to further increase in the second quarter of this year. MTN reports that LG Display’s total OLED TV panel production capacity is around 8 million units this year.
Today’s reports are the latest indication of Samsung’s shift away from LCD panels, which it currently uses across its television lineup. Even its QLED TVs still use LCD panels behind that quantum dot layer. Last year Samsung Display announced it would stop producing LCD panels in the face of stiff price competition from Chinese competitors, however it reportedly postponed this shutdown after the pandemic led to a rise in demand.
While falling LCD panel prices were believed to be behind last year’s move, MTN reports that the trend is reversing this year. LCD panels are reportedly growing more expensive, prompting Samsung to explore alternatives.
While Samsung Electronics plans to buy panels from LG Display, its own display division is believed to be working on Quantum Dot OLED (QD-OLED) TV panels. A report from South Korean publication The Elec this week says Samsung Display is currently working on a prototype TV using the technology, which will be sent to potential customers like Samsung Electronics after it’s produced in June. However, QD-OLED panel samples sent to Samsung Electronics in January was reportedly criticized for their low brightness.

LG Disply has developed a 12-inch stretchable display that can be extended in size to 14 inches, the company announced. The displays could one day be used in materials with irregular surfaces like clothes and wearables to display messages on the uniforms of first responders, for example.
Stretchable displays, or free-form displays as LG Display calls them, can be pulled, bent and twisted. They go a step farther than the flexible displays used in Samsung"s Galaxy Fold and other smartphones, which can be folded and bent but not stretched.
To make the display so stretchy, LG Display built the base substrate material from a silicon similar to that used in contact lenses. It also micro-LEDs smaller than 40-micrometers for the light source, allowing for high resolution and durability. And finally, the company used circuits shaped like springs to accommodate bending and folding.
"The stretchable display’s revolutionary technology offers next-level versatility for various daily scenarios," LG Display wrote. "Easily attachable to curved surfaces such as skin, clothing, furniture, automobiles and aircraft, this unique innovation expands the potential of the display in various industries including fashion, wearables, mobility and gaming."
We"ve seen stretchable displays in the past from Samsung and others, but the best you could do with those was put a small dent in them. This one appears to go much farther, showing the potential for displays with real potential for wearables. LG Display has been working on the technology since 2020 in collaboration and the research is expected to conclude in 2024.

LG Display (Korean: LG 디스플레이) is one of the world"s largest manufacturers and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. LG Display is headquartered in Seoul, South Korea, and currently operates nine fabrication facilities and seven back-end assembly facilities in Korea, China, Poland and Mexico.
LG Display was originally formed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Philips in 1999 to manufacture active matrix liquid crystal displays (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008.joint venture, called LG.Philips Displays, dedicated to manufacturing cathode ray tubes, deflection yokes, and related materials such as glass and phosphors.
On 12 December 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company"s annual general meeting of shareholders on 29 February. The company claimed the name change reflects the company"s business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips" equity stake, and LG"s commitment to enhanced responsible management.
LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange (NYSE: LPL) and the South Korean Stock Exchange (KRX: 034220).
They are one of the main licensed manufacturers of the more color-accurate IPS panels used by Dell, NEC, ASUS, Apple (including iMacs, iPads, iPhones, iPod Touches) and others, which were developed by Hitachi.
In December 2010, the EU fined LG Display €215 million for its part in an LCD price fixing scheme.Chimei Innolux, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.
This followed the 2008 case in the US, when LG Display Co., Chunghwa Picture Tubes and Sharp Corp., agreed to plead guilty and pay $585 million in criminal finesliquid crystal display panels.
LG Display would pay $400 million, the second-highest criminal fine that the US Justice Department antitrust division had ever imposed. Chunghwa would pay $65 million for conspiring with LG Display and other unnamed companies and Sharp would pay $120 million, according to the department.

The Hisense U8H matches the excellent brightness and color performance of much pricier LCD TVs, and its Google TV smart platform is a welcome addition. But it’s available in only three screen sizes.
The Hisense U8H is the best LCD/LED TV for most people because it delivers the performance of a much pricier TV yet starts at under $1,000, for the smallest (55-inch) screen size. This TV utilizes quantum dots, a full-array backlight with mini-LEDs, and a 120 Hz refresh rate to deliver a great-looking 4K HDR image. It’s compatible with every major HDR format. And it’s equipped with two full-bandwidth HDMI 2.1 inputs to support 4K 120 Hz gaming from the newest Xbox and PlayStation consoles. Add in the intuitive, fully featured Google TV smart-TV platform, and the U8H’s price-to-performance ratio is of inarguable value.
The U8H’s brightness, black-level integrity, and local-dimming abilities make this an excellent TV for watching HDR content. The U8H is capable of playing HDR content in all of the major formats (HDR10, HDR10+, Dolby Vision, and HLG), but when it comes to impressive HDR, what’s under the hood is much more important than format compatibility. The most crucial thing for good HDR is high brightness and deep color saturation, and the U8H’s quantum dots achieve the latter. It’s not as simple as just having quantum dots, however: While many TVs (even the budget options) have quantum dots nowadays, what is often not taken into account is that brightness directly affects color saturation. For example, both the 2022 TCL 6-Series and the Hisense U8H are equipped with quantum dots, mini-LED backlights, and local dimming. But because the U8H is notably brighter than the 6-Series, it also achieves a higher total color volume. During our color-volume testing, the U8H exhibited color ranges at more than 100% of the DCI-P3 color space (the range of color needed to properly display HDR content), and it is capable of roughly 10% more total color volume compared with the 6-Series.
In terms of design, the Hisense U8H is not as svelte as our upgrade pick, but it’s plenty sturdy and doesn’t look or feel cheap. Two narrow, metal feet jut out from beneath the panel and steadily hold the TV. They can be attached in two separate spots, either closer in toward the middle of the panel or out toward the edges, to account for different-size TV stands. The feet are also equipped with cable organization clasps—a nice touch for keeping your TV stand free of cable clutter. Though the TV is primarily plastic, its bezels are lined with metal strips, providing a bit more durability in the long run. I moved it around my home, and it was no worse for wear, but we’ll know more after doing some long-term testing.
The Hisense U8H has some difficulties with banding, or areas of uneven gradation, where transitions that should appear smooth instead look like “bands” of color (sometimes also called posterization). Like many current 4K HDR TVs, the U8H uses an 8-bit panel rather than a 10-bit panel, which affects the color decoding and color presentation process. This is usually relevant only with HDR video and games. When playing games on the PlayStation 5 and Xbox Series X, I saw a few instances where the content wasn’t rendered correctly and displayed ugly splotches of color on the screen. However, this almost always occurred during static screens (such as a pause menu or loading screen); I rarely spotted it during actual gameplay. Hisense has stated that it would address the problem in a future firmware update, but at the time of writing it was still present. This is a flaw that may give dedicated gamers pause, but we don’t consider it to be a dealbreaker for most people.
Finally, like most TVs that use vertical alignment (VA) LCD panels, the U8H has a limited horizontal viewing angle, which may be a bit annoying if you’re hoping to entertain a large crowd. Our upgrade pick uses a special wide-angle technology to address this.

There has been a significant shift in the global display industry lately. Apart from new display technologies, the display world is now dominated by players in Asian countries such as China, Korea, and Japan. And rightly so, the world’s best famous LCD module manufacturers come from all these countries.
STONE Technologies is a proud manufacturer of superior quality TFT LCD modules and LCD screens. The company also provides intelligent HMI solutions that perfectly fit in with its excellent hardware offerings.
STONE TFT LCD modules come with a microcontroller unit that has a Cortex A8 1GHz Standard 256MB. Such a module can easily be transformed into an HMI screen. Simple hexadecimal instructions can be used to control the module through the UART port. Furthermore, you can seamlessly develop STONE TFT LCD color user interface modules and add touch control, features to them.
In this post, we list down 10 of the best famous LCD manufacturers globally. We’ll also explore why they became among the reputable LCD module manufacturers in the world.
Samsung is the world’s largest semiconductor and consumer electronics manufacturer by revenue. The electronics giant is well-known for its smartphones and home appliances, but the company also manufactures LCD, LED, and OLED panels.
Probably the most in-demand and popular display panel product for Samsung is their OLED technology. Most of its current smartphones use their trademark Super AMOLED displays. The technology allowed Samsung’s smartphones to be ultra-thin, with better image brightness, and less energy consumption.
Samsung now produces panels for smart TVs. With their ever-evolving technological expertise and high-quality products, the company shows no signs of slowing down as one of the world’s best famous LCD module manufacturers.
Stone provides a professional product line that includes intelligent TFT-LCD modules for civil, advanced, and industrial use. Furthermore, Stone also creates embedded-type industrial PCs. The company’s products are all highly-reliable and stable even when used with humidity, vibration, and high temperatures.
Stone Technologies caters to a wide range of clients and industries, being among the world’s best famous LCD module manufacturers. The company’s products are used in the following industries:
Originally, LG Display was a joint venture of mother company LG Electronics and the Dutch company Phillips. They dedicated the company to creating active-matrix LCD panels. Another joint venture called LG. Phillips Displays was created to manufacture deflection yokes and cathode ray tubes.
However, Phillips decided to start selling its shares in 2008, and the dwindling company shares of Phillips prompted LG to change its corporate name to LG Display with approval from all existing shareholders.
Today, LG Display is headquartered in Seoul, South Korea. The company has eight manufacturing plants in South Korea, specifically in Paju and Gumi. LG Display also operates one module assembly plant in Wroclaw, Poland, as well as two others in Guangzhou and Nanjing, China.
LG Display has risen above the rest because of its world-class module products. Because of this, the company caters to a massive range of famous clients including Hewlett Packard, Apple, Sony, Dell, Acer, and Lenovo. LG Display also creates LCD modules and similar display panels for the company’s television product range.
Innolux Corporation is another famous LCD module manufacturer. This company was established in 2003 and is currently based in Zhunan, Miaoli County, Taiwan.
The company is a well-known manufacturer of display panels in Taiwan. Innolux supplies TFT-LCD and LED panels, open cells, and touch modules for the following products:
What makes Innolux stand out from other LCD module manufacturers is the company’s commitment to its humanistic qualities. Innolux believes that they are in the business to contribute to the well-being and prosperity of their customers. This is then achieved by creating world-class products that satisfy its clients.
Sharp is a Japanese company founded in 1912. It is now based in Sakai, Osaka Prefecture. The company produces various kinds of electronic products including mobile phones, LCD panels, calculators, PV solar cells, and consumer electronics. Sharp has produced TFT-LCD products as early as the 1980s.
For the regular public consumers, Sharp produces a variety of smart TVs and LCD TVs marketed under the Aquos brand. The company’s television line-up boasts of impressively high-quality technology. The TVs are equipped with technologies that support 4K and 8K UHD display, allowing for a great high-resolution viewing experience.
BOE Display is among the leading display manufacturers in the world. The company started in 1993 and is currently based in Beijing, China. Apart from display panels, BOE also manufactures smart systems using IoT technology.
The company proudly utilizes high-end technologies to create world-class display solutions. For instance, AU’s production lines can manufacture a variety of display applications in a full panel size range. The manufacturing lines also support:
Sustainability is among the ultimate goals of AU Optronics. The company takes steps to integrate green solutions into their products for more sustainable development. This commitment to sustainability, among other strong qualities, makes AU Optronics one of the best LCD manufacturers in the world.
Most of these products use TFT-LCD panels alongside other technologies to create ultra-high-definition images. Also, modern Toshiba display products incorporate IoT and artificial intelligence for a smarter product experience.
Kyocera is a Japanese LCD manufacturer. The company started in 1959 as a fine technical ceramics manufacturer but gradually added consumer electronics products to its offerings.
The Japanese company acquired Optrex Corporation in 2012. The acquisition paved the way for creating an R&D center and more production, sales, and marketing bases. Hence, Kyocera’s global LCD business boomed even more.
The company also operates factories, R&D centers, and marketing facilities in Asia, the Middle East, Europe, Africa, North and South America, and Oceania continents. Kyocera has a vast worldwide reach that makes it one of the world’s best famous LCD module manufacturers.
To wrap all this up, we listed 10 of the world’s best famous LCD module manufacturers. These are all highly-respected companies that built their reputations and climbed up the ladder of LCD module manufacturing. Their quality products, dedication to their craft, and excellent customer service truly make them among the world’s best display solutions providers.

LG Display saw a decrease in panel shipments in the fourth quarter due to worsening macroeconomic conditions, as set makers’ inventory adjustments further impacted demand in the high-end product sector which had been solid.
The company recorded a quarter-on-quarter increase in revenues by 8% thanks to increased panel shipments for mobile devices, while reporting an operating loss due to a continuous decline in mid-sized panel prices and a high-intensity action plan of utilization adjustment to decrease inventory.
Panels for TVs accounted for 25% of revenues in the fourth quarter, while panels for IT devices including monitors, laptops and tablet PCs accounted for 34%, panels for mobile and other devices accounted for 34%, and those for automobiles accounted for 7%.
LG Display will make all-out efforts to improve the financial structure by strengthening its operations focusing on market-to-order business in response to market volatility and economic uncertainty.
With respect to the market-to-order business which now accounts for 30% of its revenue, LG Display will expand its share in revenue by over 40% in 2023 and 50% in 2024 to establish a stable profit structure resilient to market conditions. In addition, the company will further strengthen its position in the automotive display sector and continue to lead the mid-sized OLED market including tablet PCs, as the rise in smartphone panel shipments in the second half of 2023 is expected to add positive fuel to its efforts to enhance its market-to-order business.
After the company’s decision to end its LCD TV panel production in Korea, LG Display"s large-sized OLED business was evaluated by an external institution and divided into separate cash-generating unit in accordance with related accounting standards and objective procedures. The company’s large-sized OLED business was reflected KRW 1,331 billion as asset impairment loss after calculated by an external institution, causing the net loss to expand. Considering it occurred only in the financial statement without actually affecting business operations, it is in turn expected to remove possible uncertainties in the company’s businesses in the future.
For its large-sized OLED business, LG Display will further strengthen its profit structure by improving competitiveness in products and costs while concentrating continuously on qualitative growth. In addition, the company will make efforts to enhance its market position by further improving its fundamental competitiveness with its OLED technology, as well as expanding its market-creating business with high growth potential such as Transparent and Gaming OLED panels.
LG Display will also secure financial soundness by minimizing its investment such as investing only in essential and market-to-order businesses, while maintaining its inventory at the minimum level and flexibly adjusting production accordingly.
“Our preemptive move to reduce the company’s inventory in the fourth quarter is expected to improve our performance down the road, and the quarterly result is also expected to improve as we continue to intensely reduce our costs,” said Sung-hyun Kim, CFO and Senior Vice President at LG Display.

The global display market reached a value of US$ 151.5 Billion in 2021. As per the analysis by IMARC Group, the top manufacturers in the display industry are focused on manufacturing advanced display variants in different sizes that are equipped with speakers, built-in cameras, and video calling features. They are also making heavy investments in the advancement of display technologies, such as liquid crystal display (LCD), cathode ray tube (CRT), light-emitting diode (LED), organic LED (OLED), gas plasma, quantum dot, and e-paper. Along with this, the development of smart displays integrated with innovative technologies, such as the Internet of Things (IoT) and artificial intelligence (AI) that assist in real-time monitoring and provide remote access, is offering lucrative opportunities to key players. Furthermore, the leading manufacturers are entering into partnerships and collaborations and focusing on research and development (R&D) activities to launch technologically advanced displays. Apart from this, the introduction of interactive and flexible displays that offer enhanced brightness, flexibility, and low power consumption is creating a positive market outlook. Looking forward, the market value is expected to reach US$ 197.3 Billion by 2027, growing at a CAGR of 4.10% during the forecast period (2022-2027).
DuPont de Nemours Inc. is a global innovation and technology leader, serving the semiconductor, display, circuit board, digital and flexographic printing, healthcare, aerospace, industrial, and transportation industries. The company is a leading supplier of innovative display materials and processes that enable enhancements to advanced flat-panel display (FPD), liquid crystal display (LCD), and organic light-emitting diode (OLED) display technologies. It operates several manufacturing facilities and offices in around 40 countries across the globe, including the United States, China, Taiwan, Singapore, Indonesia, India, Japan, Mexico, Australia, Canada, Korea, France, Germany, United Kingdom, Italy, Spain, Philippines, Thailand, Vietnam, Belgium, and Brazil.
E Ink Holdings Inc. is the originator, pioneer, and leader in ePaper technology. It delivers its advanced display products to the leading brands and manufacturers across the globe, allowing them to install extremely durable, low-power displays in previously impossible or unimaginable applications and environments. It also develops, manufactures, and markets thin-film transistor liquid crystal displays (TFT-LCDs). At present, the company has operations in Taiwan, China, North America, Japan, and Korea.
Innolux Corporation is a global leader in display technology engaged in producing and supplying TFT-LCD, liquid crystal panel modules, and touch modules. It provides advanced display integration solutions with innovative and differentiated technologies, such as 8K4K ultra-high-resolution, active-matrix AM miniLED, AM microLED, LTPS, and touch solutions. The company also covers a range of display application products, including TV panels, desktop monitors and notebook computer panels, small and medium-sized panels, medical panels, and automotive panels.
Leyard Optoelectronic Co., Ltd. is a global leader in audio-visual technology. It operates through four segments, including intelligent display, international business, nightscape lighting, cultural tourism, and VR entertainment. In addition, the company offers a variety of display products, such as small pitch LED, conventional LED, LCD products, creative LED, LED leasing, LED modular, and conference and commercial display products.
LG Display Co. Ltd. is a leading global display company that manufactures and sells innovative displays and related products through differentiated technologies such as
Qisda Corporation is an ODM/OEM leader engaged in manufacturing electronic products for consumer, commercial, medical, and industrial applications. It has a diverse product portfolio, consisting of LCD monitors, digital signage and professional displays, projectors, scanners, multifunctional printers, 3G/4G smartphones, medical gateways, medical imaging and telecare, automobile infotainment devices, e-reader, and tablets. Moreover, the company owns and operates manufacturing facilities in China, Mexico, and Taiwan.
Seiko Epson Corporation is a global technology leader and one of the largest manufacturers of computer printers, information, and imaging-related equipment. The company has a diversified product portfolio, comprising display solutions, semiconductors, printers, projectors, scanners, POS systems, robots, smart glasses, and watches. It has operations in Japan, Singapore, China, India, United States, Netherlands, Canada, Mexico, UK, France, Italy, and New Zealand.
Sharp Corporation is a Japanese multinational corporation primarily engaged in the manufacturing and sales of electric and electronic application equipment, electronic components, and telecommunications equipment. The company operates through three segments, including smart life, 8K ecosystem, and ICT. It has a diverse product portfolio, consisting of display modules, LCD TVs, semiconductor lasers, sensor modules, audio equipment, in-vehicle cameras, multi-function printers, information displays, and business projectors.
Sony Corporation is a Japanese multinational conglomerate corporation that manufactures electronic products, semiconductor solutions, and imaging and sensing solutions. It also offers a wide range of professional displays, including LCD, HDR, LED, and OLED display technologies, ideal for digital signage, screen mirroring, and various professional solutions. The company currently has operations across several countries and regions worldwide, including Japan, the United States, Europe, China, India, Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

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