Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens pigeon for delivering the clues of Yong Zhi! CTOnews.com December 12 news, TheElec reported that according to industry sources, LG shows that South Korea's P7 factory in Paju will stop production of LCD panels later this month, so the company's LCD TV panel production in South Korea will all be over.

After that, LG showed that the P8 plant in Pozhou would only produce LCD IT panels, while the Guangzhou plant in China would only produce LCD TV panels, which would reduce production capacity by 40 per cent. In addition, the industry speculates that the P7 plant will be used to produce OLED TV panels, which will be put into mass production as soon as 2026.

According to Business Korea's previous report, LG Display decided to stop producing LCD TV panels for the Korean market by 2023.

LG Display said that affected by the COVID-19 epidemic, product shipments failed to reach the original target. In response to the deteriorating situation in the display industry, LG Display decided to stop producing low-margin LCD panels for the South Korean TV market. Its LCD factory in China also decided to convert part of the TV panel production line into IT equipment.

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