Samsung spins off LCD business

Amidst the worldwide financial crisis and the shrinking LCD TV market, Samsung has decided to spin off its loss making LCD business and transform it into an affiliate.

Rumors about this move surfaced on the Net last year but they remained unconfirmed until now.

Provisionally named Samsung Display Co Ltd, the spun-off LCD unit will officially be launched as a new business on April 1, with 750 billion won in capital, Samsung said.

“By being an independently operated company specialising in display panels going forward, our LCD business will be able to strengthen its competitiveness based on the select and focused strategy and take an advantageous position in the future display market ahead of competitors, thereby achieving continuous growth,” the Korean parent firm said in its filing.

Samsung LCD TV

The newly founded subsidiary will start as a new company fully owned by Samsung in a bid to turn around the failing LCD business of the Korean electronics giant. Later on it may be merged with the Samsung Mobile Display and S-LDS units of the parent company but this is yet to be decided.

Mobile Display is the electronics giant’s OLED panel-making unit and S-LCD was previously a joint venture with Sony making LCDs, but is now all Samsung’s.

Samsung is planning to spend 6.6 trillion won ($5.9bn) on its display businesses this year, including LCD and OLED.


Source: theregister.co.uk

Related posts

Thermaltake intros the V9 Black Edition mid-tower chassis

Thermaltake chassis are often adopted in gaming events like WCG and Tokyo Game Show for a reason; not to mention the iconic gaming spirit delivered by the brand itself, it is also the perfect ventilation of the chassis that keeps your game smooth with all the high-end hardware working...

Patriot presents new Viper DDR4 SO-DIMM memory

Patriot presents new Viper DDR4 SO-DIMM memory

Patriot Memory, which recently made headlines with its new Viper line of DDR4 memory modules, has expanded this lineup with the addition of Viper DDR4 SO-DIMM memory. The new memory has been designed to run in notebooks and small form factor computers but despite its small size the Viper DDR4...

X2 presents monstrous CPU cooler

The recent announcement of the AMD FX-9370 and FX-9590 processors has left enthusiasts in trouble with the enormous thermal needs of the chips, which reach TDP of 200 watts. Fortunately a Dutch company known as X2 has designed a CPU cooler that can cool such chips. The...

Leave a comment