This review article comprises three contents: 1) a general introduction of liquid crystals (LCs) and their chronological developments until their current status, 2) the descriptions of the achievements of defect-free and optically high-quality LC displays (LCDs), and 3) the description of the new and alternative methods for improving existing LCD technologies in terms of high-speed response, viewing angles, and power consumption through nanoparticle doping and optical compensation on a laboratory level. When these technologies are successfully developed, they will be used in the industry, where the fabrication process will be performed in a large-clean room using automated robotics.