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Samsung Display spins off, merges with OLED-arm Samsung Mobile Display

Posted: , by Victor H.

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Samsung Display spins off, merges with OLED-arm Samsung Mobile Display
Samsung today confirmed that it’s finally spun off its struggling Samsung Display division away from the main company. Samsung Display is now officially set up as a 20,000-employee business under the Samsung sun. 

The new subsidiary will be merged with the Samsung Mobile Display division responsible for the development of OLED displays, widely deployed in mobile devices like smartphones and tablets. The division between LCD and OLED teams will be kept in the newly formed unit.

The Samsung Display unit had huge sales of nearly $20.1 billion, but it couldn’t translate them into profits. The display division lost some $665 million in 2011 on declining TV sales and low margins.

”We will make Samsung Display a well-respected company through continuous efforts to supply a wide variety of customized products that provide great value to our customers,” Samsung Display newly appointed CEO Donggun Park said. ”By continually staying one step ahead of our competitors, we can make our company the very best in the display market.” 

Samsung fully owns the Samsung Display unit and has the majority stake in the mobile display division, so there are no constraints for the merger to happen. The newly found company will become Korea’s second biggest in terms of overall sales.

source: Samsung

+- Press Release

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posted on 02 Apr 2012, 09:10

1. remixfa (Posts: 14605; Member since: 19 Dec 2008)

Well thats pretty smart. They are using their Amoled division to prop up their LCD division.

posted on 02 Apr 2012, 13:52

2. Walter.D.DROID (Posts: 25; Member since: 01 Apr 2012)

I like the way tey're going :)

posted on 02 Apr 2012, 13:57

3. rd_nest (Posts: 1656; Member since: 06 Jun 2010)

PA got the news wrong. This has nothing to do with the OLED division.

http://www.samsungdisplay.com is the company now, and will deal exclusively with TFT-LCD displays. No OLED business for them.

Ask yourself this -- why would they merge a non-profiting business with OLED business which has endless possibilities? The moment they initially announced the spinning-off LCD business, their shares increased 5% in a single day.

Samsung Mobile Display (http://www.samsungsmd.com) is the manufacturer of OLED. This unit has nothing to do with LCD business of newly formed groupwww.samsungdisplay.com.

Latest news is that Samsung Electronics is going to take-over the OLED business from Samsung Mobile Display (http://in.reuters.com/article/2012/02/07/us-samsu​ng-display-idINTRE8160IR20120207?type=companyNews)

Also note that "Samsung Mobile Display" is an unlisted company. Samsung Electronics actually has major stake in the SMD.

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