Feeds

Samsung spins off loss-making LCD biz

Newly independent telly-maker may slurp OLED unit as well

Intelligent flash storage arrays

Samsung Electronics has decided to split off its LCD division into a separate company in the hopes of turning the loss-making business around.

The Korean company proved the rumours circulating last week with regulatory filings announcing that its LCD unit would be spun off into a new firm – which will be a wholly owned subsidiary of Samsung Electronics.

"By being an independently operated company specialising in display panels going forward, our LCD business will be able to strengthen its competitiveness based on the select and focused strategy and take an advantageous position in the future display market ahead of competitors, thereby achieving continuous growth," the Korean parent firm said in its filing (PDF).

The new TV biz will be launching with equity of 750 billion won ($668m), which is coincidentally the same amount of money as the unit's operating loss in 2011.

The break-up will be official on 1 April, at which point the new business will start off by itself, but Samsung's filing said it was considering the possibility of merging it with Samsung Mobile Display and S-LCD.

Mobile Display is the electronics giant's OLED panel-making unit and S-LCD was previously a joint venture with Sony making LCDs, but is now all Samsung's.

Having its LCD business slurp its OLED unit (or vice versa) would make sense if Samsung, like other TV-makers, is considering using OLED for its next generation of televisions.

Samsung is planning to spend 6.6 trillion won ($5.9bn) on its display businesses this year, including LCD and OLED. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?