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Samsung Exiting Plasma Business

2 Jul, 2014 By: Chris Tribbey

Samsung is set to exit the plasma TV business this year, according to numerous reports, making it the second major TV company to recently drop the technology to focus on 4K Ultra-HD instead.

Panasonic said it was getting out of the plasma business last November. Samsung will end plasma production at the end of November.

A report in the Korea Herald quoted Samsung executives blaming falling demand for plasma as part of the reason for the shift. Samsung will change its plasma production facilities in order to produce other consumer electronics, or they may sell the facilities, the paper reported.

After Samsung exits the plasma business, LG Electronics will be the last major manufacturer of the sets.

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