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?
4/3/2012 8:26:47 AM
Just go buy your TV. This is just a company spinoff. Nothing will change and warranties are all honored.
"And boy have we patented it!" -- Steve Jobs, Macworld 2007
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
How to Recover Most Apps After Your NVIDIA Driver Crashes in Windows 10
March 30, 2015, 12:54 PM
Tinkerer Gets Old School Mac Plus Running on the Modern Web
March 24, 2015, 6:41 PM
Facebook-Backed Oculus Rift's Release Date Slips to 2016; Valve and HTC Salivate
March 16, 2015, 5:58 PM
Hackers Steal Roughly $1 Billion From Banks Using Malware RAT
February 17, 2015, 9:30 AM
NVIDIA Kills Mobile GPU Overclocking, Robs Customers Who Paid For It
February 16, 2015, 8:59 AM
Apple Offers Refurbished 5K Retina iMacs for $2,119 Online
January 16, 2015, 12:37 PM
Most Popular Articles
Windows 10 Build 10056 -- What's New in the Latest Leak
April 13, 2015, 10:38 PM
TSMC Hypes Its Upcoming 10 nm Process, Amid Struggles to Hit Volume at 16 nm
April 10, 2015, 7:57 PM
Sharp Unveils World's First "4K" Phone Display at Mind-Boggling 806 PPI
April 13, 2015, 11:24 AM
Tech's Biggest Loser on Tax Day: eBay Pays Nearly 99 Percent Tax Rate
April 15, 2015, 3:28 PM
In California Hippies, Religious Right Find Common Enemy in Vaccine Science
April 9, 2015, 4:42 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
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
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information