Samsung will end LCD production by the end of the year to concentrate on producing quantum dot displays.

Over-production and falling demand have driven the decision. LG has already announced it will also be stopping LCD production this year.

“We will supply ordered LCDs to our customers by the end of this year,” says Samsung.

Samsung has one LCD plant in Korea and two in China.

Last year Samsung announced a capex budget of $10.7 billion to upgrade its display production lines.