Samsung Display, which supplies OLED panels for smartphone manufacturers such as Apple, has decided to abandon the LCD panel business and focus on the OLED panel and quantum dot panel business. Operations ceased in June.
Samsung Display abandoned the LCD panel business, which means that they need to relocate or adjust related employees, and foreign media reports show that they have decided to transfer hundreds of employees from the panel business unit to the chip packaging business unit.
According to reports from sources, some media reported that Samsung has begun to accept applications for adjustment from employees. Employees aged 37 and below in the display business department can apply for adjustment to the chip packaging business department. Samsung’s goal is to transfer 300 employees from the display business department. Employees are relocated to the chip packaging business unit, which is expected to be completed in the second half of the year.
The department where Samsung’s display and chip packaging business is located belongs to the device solutions department of Samsung Electronics, so their planned personnel adjustments are all carried out within the device solutions department.
At the end of last year, Samsung Electronics adjusted its high-level and main business units, merging the consumer electronics and mobile business units, and later named the device experience department, led by vice chairman and CEO Han Zongxi, and the device solutions department by the president and co-CEO. Qing Guixian is in charge.
It is worth noting that Samsung Electronics transferred 300 employees from the display business unit to the chip packaging business unit. This is not the first time they have made personnel adjustments between the two business units. made a similar adjustment.
Samsung Electronics has repeatedly adjusted Samsung Display employees to the chip packaging business unit, mainly because they plan to withdraw from the LCD panel business. They originally planned to give up at the end of 2020, but due to the request of Samsung Electronics’ TV business unit, they retained Some production lines continued to operate, and the time to exit the LCD panel business was postponed.
By adjusting some employees of the display business department to the chip packaging business department, Samsung Electronics also hopes to make full use of its excellent internal employees to promote the development of the chip business. At the same time, the chip business department is also facing talent challenges and needs more employees.
Last week, Samsung Group announced that they plan to invest 450 trillion won, or $356 billion, in key areas such as semiconductors, biopharmaceuticals, and other next-generation technologies by 2026 to drive the development of these key business areas. Foreign media said in the report that most of the 450 trillion won that Samsung Group plans to invest will be invested in the chip business, including memory chips, logic chips and foundry business, and the chip business sector also has great demand for employees.