Samsung Display Officially Launches as World's Largest Display Manufacturer
April 2, 2012 9:26 AM
comment(s) - last by
Samsung Display is now the world's largest display manufacturer
spun off its display-making arm back in February. That spinoff is now complete with Samsung Display holding its inauguration ceremony yesterday. The new company says that operations will begin April 3 once its incorporation registration is complete.
When Samsung Electronics' LCD business was under the main corporate umbrella, it was led by Executive Vice President Donggun Park. Park is now going to act as the CEO of Samsung Display. Under his leadership at Samsung Electronics, the company reported $20 billion in annual revenue for 2011.
Samsung Display reports that it is the largest display manufacturer in the world based on the 20,000 employees and five production facilities that it owns.
Park said at the inauguration ceremony, “We will make Samsung Display a well-respected company through continuous efforts to supply a wide variety of customized products that provide great value to our customers.” He added, “By continually staying one step ahead of our competitors, we can make our company the very best in the display market.”
Samsung's display arm had some serious issues over the years. Problems with its LCD TVs that lead to failures due to bulging capacitors resulted in Samsung having to pay up to $300 for each customer covered in the
. The LCD business has been hard-pressed to turn a profit with an overabundance of panels on the LCD market and falling shipments.
Poor earnings contributed to Sony leaving a
that it owned with Samsung in 2011.
LCD companies are expected to fare better in 2012 with increased profits, even though shipments are predicted to go down. The big growth segment in the display space is expected to be OLED sets moving forward.
This article is over a month old, voting and posting comments is disabled
RE: Now what should I do?
4/2/2012 11:45:50 AM
no effect whatsoever to anything. This should be transparent to customers as usual with such transactions.
"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings
Samsung to Pay Millions to Settle Lawsuits Over Mass LCD TV Failures
February 22, 2012, 2:42 PM
Samsung Officially Spins Off LCD Business
February 20, 2012, 10:06 AM
Sony Sells LCD Panel Joint Venture Shares to Samsung
December 26, 2011, 11:31 AM
Tim Cook Touts Apple’s Product Portfolio, Performance in Letter to Employees
October 21, 2014, 8:05 AM
Lenovo Once Again The Top Global PC Maker, Apple Takes 50% of PC Profits
October 9, 2014, 7:46 AM
It’s Official: HP to Split Into Two Business Units
October 6, 2014, 8:14 AM
Quick Note: HP Plans to Split PC, Enterprise Units
October 5, 2014, 4:31 PM
Samsung Prepping 14-nm for Apple A9 Production, Handling 30 Percent of A8 Orders
October 2, 2014, 1:17 PM
Lenovo to Complete $2.1B Acquisition of IBM's x86 Server Operations on October 1
September 29, 2014, 3:19 PM
Most Popular Articles
Amid Theater Boycott Netflix Defiantly Plans New Movies, Plus 3 TV Shows for 2015
October 24, 2014, 7:30 PM
AT&T Defeats Purpose of New Apple SIM, Locks iPad Air 2 SIMs to Its Network
October 24, 2014, 2:17 PM
CVS, Rite Aid Kill Unofficial Apple Pay Support, Burn Google Wallet Users in the Process
October 25, 2014, 5:26 PM
1 Million Credit Card Activated on Apple Pay Within 72 Hours, Walmart CEO Hopes Visa "Suffers"
October 28, 2014, 8:17 AM
Microsoft's Figures Show Desktop Users Flocking to Windows 10 Preview
October 27, 2014, 11:04 AM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information