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LG Expected to Exit Plasma Business  Print E-mail
Home Theater News Plasma HDTV News
Written by High Def Digest   
Tuesday, 02 September 2014

According to a report in the Yonhap News, LG is planning to suspend its plasma production in the near future. The decision is said to be a result of low consumer demand for the technology.

An exact date for the end of LG's plasma manufacturing has not been decided, but the company is currently conducting internal studies to determine an appropriate timetable. An official announcement is expected soon. Despite offering many picture quality benefits over traditional LCD tech, plasma panels have failed to garner the market share required to stay in the game. LG's exit from the business follows similar decisions from Panasonic and Samsung. This will leave China's Changhong Electric Co. as the only major company still producing plasma panels.

Meanwhile, though LG might be abandoning plasma technology, the company has been making a big push for OLED TVs. Two 4K models were announced recently and a new 55-inch 1080p model is available now.

Source: High-Def Digest via Yonhap News via Engadget

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