Samsung Display intends to completely stop the unprofitable production of liquid crystal panels (LCD) for TVs as early as next month - 30 years after their release. "Samsung Display will stop supplying LCD panels in June," The Korea Herald reported, citing a source close to the supply of the panels.

The long-announced phase-out of LCDs will come as LCD prices continue to fall. This resulted in significant losses for Samsung Display, while Chinese competitors consolidated their market dominance through government subsidies and tax breaks. LCD is considered a legacy technology compared to OLED and QLED. According to Omdia, the price of 43-inch panels fell by 46% from September 2021 to May 2021, while 55- and 65-inch panels fell by 34% over the same period.

Samsung, once the world's largest supplier of LCD TV panels, has reduced its market share to 22% in 2014 and to 2% this year.