Samsung Officially Spins Off LCD Business
February 20, 2012 10:06 AM
comment(s) - last by
The company will be called Samsung Display Co Ltd
Samsung has announced today that its board of directors has approved the spinoff of Samsung's LCD arm. The new company will be a wholly owned subsidiary of Samsung Electronics. Samsung also notes that moving forward, the new LCD company it has created will consider other restructuring measures such as a merger was Samsung Mobile Display and S-LCD Corporation.
This move comes at a time when profits are slipping significantly in LCD market. Samsung has been increasingly losing money on LCD screens even though it's the world's largest maker TVs. Samsung will shift its focus to new OLED panels moving forward, which are growing significantly and generating much larger profits.
Research company DisplaySearch estimates the global sales of LCD TVs are going to shrink by 8% to about $92 billion by 2015. At the same time, that OLED market is expected to grow to $20 billion by 2018 and make up 16% of the total display market. Today, OLED panels make up only 4% of the market.
The Samsung LCD spinoff is expected to be called Samsung Display Co Ltd and will be launched as new business on April 1. The company will have 750 billion won in capital according to Samsung. Samsung is positioned well in the OLED market with its Samsung Mobile Display providing almost all the OLED panels available. Samsung notes that the spinoff is still subject to regulators and the approval of shareholders.
In December of 2011, Sony split from the
LCD joint venture
it operated with Samsung due to poor profits. Other LCD manufacturers like Sharp have significantly reduced LCD output. Three of the top firms in LCD market -- Panasonic, Sony, and Sharp -- are together expected to lose $17 billion this year alone.
This article is over a month old, voting and posting comments is disabled
2/20/2012 8:45:01 PM
There will be a 55" OLED in your local electrical retailer (if they are of any sort of size) this summer. It will retail for around the $7k mark :). APPARENTLY the colour issues are fixed and overall lifespan of the panel is still WELL beyond how long your average TV will last (7ish years is normal life for a TV).
"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller
Sony Sells LCD Panel Joint Venture Shares to Samsung
December 26, 2011, 11:31 AM
BlackBerry’s Latest "Plug" for its Passport Smartphone: Displaying Sharp X-rays for Doctors
August 21, 2014, 4:49 PM
Sprint Introduces $60 Unlimited Plan, Touts $20/Month Costs Savings Versus T-Mobile
August 21, 2014, 2:05 PM
Opera Becomes Official Browser of Microsoft-Nokia's Non-Windows Phones
August 21, 2014, 1:01 PM
Microsoft Tests Free 24-Hour Xbox One Game Trials
August 21, 2014, 11:41 AM
New Photos Show “Assembled” iPhone 6, Protruding Camera Ring
August 20, 2014, 2:32 PM
ZTE Nubia 5S mini LTE 4.7" Smartphone Headed to U.S. for $280 Unlocked
August 20, 2014, 10:37 AM
Most Popular Articles
Lumia 830 Gets Major Upgrades Including New 20.1 Megapixel Toshiba Sensor
August 15, 2014, 6:00 PM
Windows Phone, BlackBerry Smartphone Market Share Falls to 2.5%, 0.5% Respectively
August 15, 2014, 9:44 AM
GM Concedes That the Cadillac ELR Doesn’t Really Compete with the Tesla Model S
August 15, 2014, 5:42 PM
Report: Windows 9 “Threshold” Tech Preview Coming Next Month
August 15, 2014, 11:29 AM
Apple Scores Patents, Preps New Reversible USB Plug for iPhone 6 Connector
August 18, 2014, 1:32 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information