Thursday, February 22, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Introducing the CORSAIR Obsidian Series 500D
EASA Publishes Guidelines for Safe Drone Operations
Apple to Upgrade the AirPods Headphones
SK Telecom to Unveil 'HoloBox' Hologram AI Technology at Mobile World Congress 2018
Worldwide Sales of Smartphones Declined in 4Q, Samsung Retains First Spot
Intel Brings 5G Connectivity to PCs
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology
LG To Unveil Updated K8 AND K10 Smartphones at MWC
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
Worldwide Sales of Smartphones Declined in 4Q, Samsung Retains First Spot
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology
Samsung to Cut OLED Panel Production as iPhone X Demand Slows: report
Samsung Electronics Begins Mass Production of 30.72TB SSD
Samsung Notebook 9 Pen, Notebook 9 (2018) and Notebook 7 Spin (2018) Available February 18
ISSCC: Samsung Working on 7-nm EUV SRAM, Intel Details 10-nm SRAM
Samsung SDI Aims at Cobalt-free EV Batteries
Samsung Chairman Suspect in Tax Evasion Case
China Signs MoU With Samsung on Chip Making
Samsung Introduces The Wall Professional at ISE 2018
Samsung's Lee Freed From Prison
Samsung to Bring Exynos Application Processors to Cars

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .