Samsung commits to LED screens, will spin off LCD unit

Feb 21, 2012 By Nathan Olivarez-Giles

Samsung Electronics Co. is spinning off its LCD display manufacturing business and merging with its smaller LED display unit in a move that reveals the company's vision of the future of televisions and mobile screens.

The South Korean company announced the decisions on its website on Monday; both choices were approved by Samsung's board of directors earlier in the day.

"Currently, the display market is undergoing rapid changes with OLED panels expected to fast replace to become the mainstream," Samsung said in a statement. "Amid this structural change of the display industry, adopting measures for change and innovation, including business restructuring, are essential to improve our for our display business."

Samsung's LCD business - which until last December was a joint venture with Sony that built displays for TVs and computers - will officially become a standalone corporation, wholly owned by Samsung, on April 1.

After the is complete, "the new corporation will consider adopting various restructuring measures including a merger with Samsung Mobile Display and S-LCD Corporation," Samsung said, acknowledging that more cost-cutting moves are on the way.

The spinoff comes as LED-backlit screens are becoming more popular and less expensive to produce. At the same time, demand for is still growing, particularly in larger screen sizes, according to data from the research firm DisplaySearch.

Also set for April 1 will be the merger of Samsung's growing LED display-making business, which is currently a wholly owned, standalone company, into .

The merger is taking place "to nurture the LED business as the future growth engine of Samsung Electronics' component business" by allowing the smaller unit to be able to more easily take advantage of its parent company's resources in development, manufacturing and sales, Samsung said.

Explore further: Technip, Heerema win third giant Angolan oil contract

not rated yet
add to favorites email to friend print save as pdf

Related Stories

SAMSUNG Electronics Regains No. 1 Spot in LCD Market

Dec 20, 2004

Samsung Electronics regained the No. 1 position in the global liquid crystal display (LCD) market last month from LG.Philips LCD, according to the Texas-based display market research firm, DisplaySearch. The electronics gian ...

Sony, Samsung dissolve panel joint venture

Dec 26, 2011

Japan's Sony and South Korean rival Samsung are dissolving their joint venture in liquid crystal display panels as Sony tries to stanch years of losses in its TV business.

Samsung Electronics buys Dutch LCD firm

Jan 20, 2011

Samsung Electronics said Thursday it had acquired Liquavista, the pioneer of a new screen technology that the South Korean giant hopes will boost its liquid crystal display (LCD) business.

Samsung shows transparent 46-inch LCD panel

Jan 17, 2012

Samsung Electronics announced today that it is expanding the transparent display market with production of a 46-inch transparent LCD panel, beginning this month.

Recommended for you

Technip, Heerema win third giant Angolan oil contract

2 minutes ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

Bitcoin exchange MtGox placed in administration: CEO

31 minutes ago

Failed Bitcoin exchange MtGox was Wednesday placed in administration by a Japanese court, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said.

Yahoo sees signs of growth in 'core' (Update)

14 hours ago

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.

Twitter buys data analytics partner Gnip

17 hours ago

Twitter says it has bought its data partner Gnip, which provides analysis of the more than 500 million tweets its users share each day—to advertisers, academic institutions, politicians and other customers.

User comments : 0

More news stories

Patent talk: Google sharpens contact lens vision

(Phys.org) —A report from Patent Bolt brings us one step closer to what Google may have in mind in developing smart contact lenses. According to the discussion Google is interested in the concept of contact ...

Tech giants look to skies to spread Internet

The shortest path to the Internet for some remote corners of the world may be through the skies. That is the message from US tech giants seeking to spread the online gospel to hard-to-reach regions.

Wireless industry makes anti-theft commitment

A trade group for wireless providers said Tuesday that the biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone theft.

Making 'bucky-balls' in spin-out's sights

(Phys.org) —A new Oxford spin-out firm is targeting the difficult challenge of manufacturing fullerenes, known as 'bucky-balls' because of their spherical shape, a type of carbon nanomaterial which, like ...

Gene removal could have implications beyond plant science

(Phys.org) —For thousands of years humans have been tinkering with plant genetics, even when they didn't realize that is what they were doing, in an effort to make stronger, healthier crops that endured climates better, ...