Samsung officially spinning off struggling LCD business in April

Samsung logoApple supplier Samsung announced on Monday that it will spin off its LCD manufacturing business into a separate company beginning in April.

Citing a "structural change" underway in the display business, which the company believes is transitioning to OLED screens, Samsung's board of directors approved the spin-off of its LCD business, allowing it to potentially merge with Samsung Mobile Display. The new company will be known by the tentative name Samsung Display Co., Ltd.

Samsung's board of directors believes the spin-off will allow the LCD business to be more competitive going forward. Some companies, like Apple, have been reluctant to buy components like screens from Samsung, as the company also makes smartphones and tablets to compete with its own products in addition to manufacturing components.

The spin-off of the Samsung LCD business will officially take place on April 2, 2012. The new company's decisions will be made by three executive directors and four independent directors.

Indications first arose last week that Samsung was considering spinning off its LCD business, which lost $669 million last year. The spin-off sets up for a possible merger with Samsung Mobile Display, which makes next-generation organic light emitting diode (OLED) displays.

Apple is currently engaged in a number of lawsuits with Samsung, accusing the Korean electronics maker of copying the look and feel of the iPhone and iPad. Rather than relying on Samsung for LCDs, Apple has largely relied LG for iPhone and iPad displays.

Samsung's decision to spin off its LCD business was made as Apple is rumored to be working on its own full-fledged television set, which would place it in a market where Samsung has been a major player for many years. Last week, one Samsung official said his company's expertise in building display panels will give it a leg up on any potential Apple television in terms of picture quality. AV production manager Chris Moseley said he believes the quality of the screen on an HDTV is the most important aspect of the product.

Source: AppleInsider

Tags: Monitors, Samsung, TVs

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
1234567
891011121314
15161718192021
22232425262728
293031    




Poll

Do you use microSD card with your phone?
or leave your own version in comments (16)