Samsung Display, Sends 300 People to Samsung Semiconductor

Samsung Display, Sends 300 People to Samsung Semiconductor

In 2020, it is likely to focus on QD-OLED panels that have been switched twice

Samsung Display, which has completely closed the TV liquid crystal display (LCD) panel business, will shift its workforce of 300 to Samsung Electronics (62,000 -0.16%) in the semiconductor sector.

According to related industries on the 14th, the company is receiving applications for this job change following the termination of the LCD panel business for TVs. Those who wish to move are selected through a process such as an interview.

The final selected personnel will be transferred to the DS division of Samsung Electronics , which is in charge of the semiconductor business . Previously, in August and December 2020, Samsung Display transferred 200-400 people each to Samsung Electronics ‘ DS division.

This decision was made as the interests of Samsung Display, which need to relocate manpower due to business withdrawal, and Samsung Electronics , which is suffering from a shortage of manpower, were at odds .

It is completely withdrawn from the business this month by suspending the operation of the last remaining LCD production line at the Asan Campus. It has been about 30 years since Samsung started the LCD business by establishing the ‘LCD Division’ under Samsung Electronics ‘ memory business in 1991 .

This is because Chinese panel makers, including BOE, are growing rapidly with full support from the local government, including various subsidies and tax cuts, and profitability deteriorated as aggressive competition for capacity expansion overlapped.

In the case of Samsung Electronics , the Pyeongtaek campus 3 plant is scheduled to be completed this year, and large-scale investment is expected in the future, so it is necessary to secure semiconductor manpower.

Meanwhile, with the end of the LCD business, Samsung Display is expected to focus its capabilities on OLED businesses such as QD (quantum dot)-OLED (OLED, organic light emitting diode) panels, which are next-generation TV panels, and small and medium-sized OLEDs.