Samsung Electronics to cut 80% LCD TV Panel output

Sina Science and technology news Beijing time of August 30, South Korean media reported that Samsung Electronics is planning to the end of this year, the LCD TV panel production significantly cut 4/5, and some production lines into the production of tablets and notebook LCD panels. The Korean economic news reported that Samsung Electronics is planning to reduce the monthly production of LCD TV panels from the current 1 million to 1.3 million blocks to 200,000 to 300,000 blocks.　　The report also said Samsung Electronics plans to switch the production lines of some LCD TV panels into Tablet PCs and notebook LCD panels. Samsung Electronics said in Tuesday it would not comment on market rumours. Samsung Electronics currently in the LCD panel market, the main competitor is LG Display.　　The company said it would adjust its output flexibly according to market conditions.　　LG display in Monday also said that due to the rise of mobile devices such as the ipad and Android smartphones, the market's demand for liquid-crystal TV panels slowed, which would cut capital spending by 1/4 per cent next year. In Samsung Electronics core business Unit, LCD panel business performance is the most unsatisfactory. Other Samsung Electronics businesses include memory chips, handheld devices and televisions. In the second quarter of this year, Samsung Electronics LCD panel Division in the second consecutive quarter of losses.　　Samsung Electronics has replaced the head of the department and merged the sector with the chip sector. At present, the global LCD panel market is facing difficulties. This is partly due to uncertainty about the global economic outlook and, on the other hand, to a decline in consumer demand for flat-screen TVs and computers. (Lili)