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Tuesday, February 7, 2012
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Samsung To Merge With Samsung Mobile Display To
Strengthen Its LCD, OLED Businesses
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Samsung Electronics is considering merging with
Samsung Mobile Display (SMD), an affiliated company
which produces advanced digital screens including
OLED.
According to a regulatory filing, Samsung sees to be
ready to create a comprehensive parts division to
handle operations related to light-emitting diodes
(LEDs) and organic light-emitting diodes (OLEDs)
within this year. Samsung has already announced plans
to absorb its LED unit, Samsung LED, by April.
Samsung Mobile Display, a joint venture between
Samsung and another, affiliate Samsung SDI, was
established in 2008 and has been devoted to OLED
displays and screens for smaller devices such as
smartphones.
Samsung Mobile Display has been is supplying OLED
products to Nokia, HTC and Motorola, Chinese
electronics maker Huawei and of course, Samsung.
Samsung is planning to invest up to 7 trillion won
(about $6.3 billion) in its OLED businesses by the end
of this year. |
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