What They Say
The Elec reports that LG Display will stop making LCD TV panels in its P7 plant in Korea this month although manufacture of IT LCD panels will continue in the firm’s P8 line in Paju. The plant will be converted for OLED production.
The firm will continue to make TV LCDs in Guangzhou although capacity is to be reduced from 210K G8.5 substrates to 120K, the site said.
What We Think
Well this has been expected for some time and given the weak state of the TV market and panel demand, the timing is not surprising. LGD will have to invest quite a lot to make OLEDs in the fab and I can’t see that the firm will be able to get much in selling off LCD-specific equipment. It was reported that when Samsung closed a big LCD line several years ago, the plant was simply sold for scrap. (BR)
P8 to manufacture LCD panels for IT only
