Tuesday, May 24, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Enhances Ads For Mobile Devices
LG G5 "Friends" LG CAM Plus, LG 360 CAM, LG 360 VR, LG TONE Devices Launch In US
Twitter Photos, videos And Names in Reply Tweets Will No Longer Count Toward 140-character Limit
Samsung Expands 750 EVO SSD With Availability and Increases Capacity to 500GB
Google's Paris Offices Raided
OCZ RD400 NVMe SSD Series Released
LG's 2016 OLED TV Line Launches At U.S. Retail
NHK STRL Open House 2016 Kicks Off
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, February 20, 2012
Samsung To Spin Off LCD Business, Shift To OLED TV Technology


Samsung Electronics said it will spin off its unprofitable LCD division as the company focuses on making thinner and brighter TVs.

The new company, provisionally named Samsung Display Co., will be set up April 1 with paid-in capital of 750 billion won ($668 million), Samsung said today.

Samsung is shifting its focus towards new generation OLED display technology.

"Currently, the display market is undergoing rapid changes with OLED panels expected to fast replace LCD panels to become the mainstream. Amid this structural change of the display industry, adopting measures for change and innovation, including business restructuring, are essential to improve our competiveness for our Display business," Samsung said in a statement.

"In this regards, first, the LCD business will be spun off from Samsung Electronics and become a new corporation (wholly-owned subsidiary of Samsung Electronics). Then, going forward, the new corporation will consider adopting various restructuring measures including a merger with Samsung Mobile Display and S-LCD Corporation," the company added.

Annual global sales of LCD TVs will contract by 8 percent to $92 billion by 2015, flat panel industry research company DisplaySearch has forecast, while the OLED display market could top $20 billion by 2018, accounting for 16 percent of the total display industry, up from a current 4 percent.

Sony had agreed to exit its LCD joint venture with Samsung in December, while Sharp said it would halve LCD output for January-March at a plant in western Japan.

Samsung and rival LG Display Co are shifting to newer organic light-emitting diode (OLED) flat-screen display currently used mainly in high-end smartphones.

Samsung said it aimed to be more competitive in a rapidly changing market with the new technology and a more streamlined decision-making process.

On February 20, 2012, the BOD of Samsung Electronics also approved the merger with Samsung LED, Ltd. Samsung LED, Co, Ltd. will be merged into Samsung Electronics by way of small-scale merger and be dissolved following the merger.


Previous
Next
Toshiba Circuit Technology Increases Power Efficiency Of CMOS Amplifiers For Mobile Phones        All News        ZTE to Announce Two New LTE Handsets at MWC
Comcast Launches Xfinity Streampix, A New Streaming Video Service     Consumer Electronics News      New Color TFT-LCD Modules by Mitsubishi

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Expands 750 EVO SSD With Availability and Increases Capacity to 500GB
Samsung, LG to Unveil Their Display Technologies at SID 2016
LINE FRIENDS Accessories Come to Samsung Galaxy S7 and S7 edge
Samsung Ties Up with Alibaba In Mobile Payments: report
Samsung And LG Electronics To Offer Accerss To More Games Though Their Smart TVs
Samsung Gear Fit 2 And Gear Icon X Earbuds Coming Next Month
Samsung To Develop Chips For Self-driving Cars: report
Samsung Develops 3rd Generation 14-Nano FinFET Low-power Process
Strong Galaxy S7 Sales Keep Samsung's Profit High
Samsung Developer Conference Showcases New Smart TV Tools
Key Samsung Technologies That Enabled 10nm-Class DRAM
A Look at Samsung Foundry's Business Strategy

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .