Korean Electric error stops plant lines temporarily
Samsung Display suffered a power outage at an LCD manufacturing facility, potentially costing the company millions of dollars in productivity. The power interruption, caused by an employee at state-run Korea Electric Power Corp, forced all production lines to grind to a halt. Yonhap News Agency reports that the seemingly simple glitch had an exceedingly disruptive effect on plant operations.
Samsung Display now stand-alone company
Samsung has launched a new corporation spun off from Samsung Electronics. The new company, Samsung Display, was previously an R&D arm of Samsung Electronics and has now also officially become the world’s largest display manufacturer on its inauguration. The new company, which remains fully owned by its parent company, employs 20,000 people worldwide working in five factories around in the globe.
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.