Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror
Get HideMyAss! VPN, PC Mag's Top 10 VPNs of 2016 for 55% off for a Limited Time ×
Businesses

Submission + - Samsung Spins Off Its Display Business (ibtimes.com)

redletterdave writes: "Samsung Electronics announced Monday that it will spin off its LCD business division to launch a new entity, provisionally called Samsung Display Co., set to go live on April 1, 2012. The new business will launch with about $668 million in capital, but Samsung plans to invest about $5.8 billion in 2012 to develop better displays. The move, which now awaits shareholder approval, has been rumored for months since Samsung's LCD business announced operating losses of $666 million in 2011, citing sluggish TV sales. The company's spin-off display business may eventually merge with Samsung Mobile Display, which makes the company's organic light-emitting diode (OLED) panels that are currently in high demand. Nam Ki Yung, a spokesman for Samsung, said the company is reviewing a merger of its LCD and OLED operations."
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Samsung Spins Off Its Display Business

Comments Filter:

MATH AND ALCOHOL DON'T MIX! Please, don't drink and derive. Mathematicians Against Drunk Deriving

Working...