Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 internet speed test! ×
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This discussion was created for logged-in users only, but now has been archived.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:

This is the theory that Jack built. This is the flaw that lay in the theory that Jack built. This is the palpable verbal haze that hid the flaw that lay in...

Working...