TV businesses of Samsung, LG face mounting pressure from rising LCD panel prices
Samsung Electronics and LG Electronics are expected to face growing pressure on their TV businesses, as rising prices of Chinese-made LCD panels drive up production costs, particularly for low- and mid-range TVs. According to market tracker Omdia, the cash cost of a 65-inch LCD TV open cell is projected to rise from $112 in 2025 to $116.80 this year and $124.55 in 2027, as higher component and…
Samsung Electronics and LG Electronics anticipate mounting challenges for their TV divisions due to escalating costs of LCD panels sourced from China, which are significantly increasing production expenses, particularly for smaller and mid-range televisions. According to market analysis firm Omdia, the raw cost of a 65-inch LCD TV open cell is slated to increase from $112 in 2025 to $116.80 in the current year and $124.55 by 2027.
This escalation is attributed to higher costs of components and materials that contribute to manufacturing expenses. Omdia highlighted that three leading Chinese panel manufacturers - CSOT, HKC, and BOE - have issued formal letters to their clients indicating intentions to raise prices for certain panels starting from September or the fourth quarter.
Another market analysis entity, TrendForce, reported that despite seemingly stable LCD panel prices - with 55-inch and 65-inch panels maintaining around $123 and $173 respectively in October and November - Omdia anticipates that panel producers will be able to hike prices in December as the rising costs draw nearer to a critical juncture.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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