Printed from http://www.electronista.com

Samsung to spin out LCDs as Samsung Display on April 1

updated 12:35 am EST, Mon February 20, 2012

Samsung spinout backs shift to OLEDs

Samsung on Monday confirmed rumors it was spinning out its LCD business. The group, to be renamed Samsung Display, would separate from its parent on April 1 pending approval. It would start off with $667.3 million of working capital.

The move is intended primarily to keep Samsung's core business profitable. Its LCD performance has been mixed as success in smartphone and tablet displays has been countered by trouble with traditional computers and TVs. Most of Samsung's recent success has been tied to its OLED displays, which dominate high-end smartphones like the Galaxy Note and soon promises to take over its TV lineup. The OLED division is staying within Samsung.

The swap could have an impact on companies that depend on Samsung for display manufacturing work, such as Apple. Although its work is often already outsourced, its health wouldn't be directly sheltered by Samsung and could leave it more vulnerable.

Samsung not only has to compete with its Korean neighbor LG but Sharp, Sony, and numerous lower-cost companies in and around China.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

Advertisement

toggle

Most Commented

 
toggle

Popular News