Geeky Gadgets

Gadgets and Technology News

Header Right

Samsung To Spin Off LCD Business As Samsung Display


By

We have been hearing rumors over the last few week that Samsung has intended to spin off its LCD business into a separate company, and Samsung has now confirmed that its LCD’s will now be made by Samsung Display.

Samsung Display will be separated from its parent company, on the 1st of April, and the new company will launch with $667.3 million of working capital.

Samsung LCD

Samsung has apparently decided to move its LCD business to a new company to keep its core business profitable, as the performance of its LCD business hasn’t been as profitable as other areas of the company.

Samsung makes LCD displays for a number of devices and companies, although it has been concentrating more and more on OLED displays, which can be found in its latest smartphones like the Samsung Galaxy Nexus.

Source Electronista

 

Filed Under: Displays News, Technology News

Latest Geeky Gadgets Deals

  • For the first time, samsung seems to be  falling behind. They just decided to focus on a new panel. Even though they have been manufacturing amoled for their phones and tablets, it doesn’t mean they are all set to mass produce oled tvs cuz their oled facilities and equipment are limited for small panels while LG is ready to release their white oled tv pretty soon.

  • tedmathew90

    It is hard to believe that Samsung of all may fall short of their new OLED TV technology. The news is everywhere at CNET. The shocking news is the power defect of Samsung LCD TV sets from 2008 that has made some people to be disappointed.