Friday, August 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
German Regulator Will Pursue Complaint Against Publishers
IBM Tries To Strengthen Its Presence In China With Local Vendor Deal
Demand For iPhone 6 Screens Add Perssure To Supply Chain
Intel Highlights Its Wireless Computing Plans
Ouya Parners With Xiaomi On Games
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 To Unveil New Smart TV Content at IFA 2014
Samsung Delivers Slim Level Box mini Wireless Speaker
Samsung, Microsoft Want To End Android Patent Dispute Soon
Galaxy Note 4 May Come in Two Versions
Samsung Buys Home-automation Company SmartThings
Samsung Exynos 5430 Is The Company's First 20nm SoC
Samsung Introduces All-metal Galaxy Alpha Smartphone
Samsung Introduces SAS-interface SSD
Barnes & Noble, Samsung To unveil Galaxy Tab 4 Nook on August 20
Samsung To Release New Gear Solo Wristwatch Phone
Samsung Introduces SAS-interface Solid State Drive For Enterprises
Apple, Samsung Agree to End Patent Suits

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .