South Korea’s leading display makers LG and Samsung are closing ranks as they cede more ground to Chinese manufacturers of TV and smartphone screens and face being undercut on their leading-edge OLED technology.
In what has become a battle for survival for the once-dominant companies in the sector, Samsung closed its last liquid crystal display factory in China in 2021 and is set to rely this year on its domestic rival to produce more of its panels there.
The unusual level of co-operation comes as LG seeks to sell its remaining LCD plant in the country, according to reports, after a slump in global IT sales following the lifting of pandemic-era lockdowns in China.
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