Monday, February 20th 2012
Samsung to Spin-Off its LCD Unit
South Korean titan Samsung Electronics has today confirmed the rumors regarding the spin-off of its LCD (liquid crystal display) business. The LCD unit, which posted an operating loss of $668 million for last year, will be 'set free' as of April 1st, and will be renamed Samsung Display Co.
"The spin-off will allow us to make quicker business decisions and respond to our clients' needs more swiftly," said Donggun Park, executive vice president and head of Samsung's LCD unit.
While it's pushing out LCDs, Samsung is still going to make big investments ($5.8 billion this year) in panel technology, focusing on the high-growth OLED segment.
Source:
Businessweek
"The spin-off will allow us to make quicker business decisions and respond to our clients' needs more swiftly," said Donggun Park, executive vice president and head of Samsung's LCD unit.
While it's pushing out LCDs, Samsung is still going to make big investments ($5.8 billion this year) in panel technology, focusing on the high-growth OLED segment.
14 Comments on Samsung to Spin-Off its LCD Unit
Sadness
She is damn fine - period.
And the LCD business thing... yes yes sad... but for me it is just another castling move... so yes noted... for future reasoning. And yes, as a bonus from writer some damn nice looking chick... what's unnatural here?
Samsung make's great panel's, them and Sharp are the best IMO