Samsung, LG and six other companies have been sued by Illinois over price fixing of the television and computer monitor panels. The lawsuit that is filed in Chicago claims the companies came together to fix the price and limit production of the cathode-ray tubes from March 1, 1995 to November 25, 2007. The complaint […]
LCD
Samsung LCD Plant suffered a brief power outage
Samsung’s LCD plant located at Tangjeong was hit by a power outage last night. Although the outage lasted for just 10 minutes, Samsung Display is estimated to face a loss in millions as the panels produced during that period are rendered useless. Four lines at the plant were affected that produced a combined monthly […]
Samsung Electronics to spin off LCD business
In a board meeting today, Samsung Electronics’ executives approved the split of its ailing LCD business. The LCD business will be spun off from the Electronics division and will be formed as a new company, tentatively named as Samsung Display Co. Ltd. from April 1. Samsung says this decision will help them to take […]
Samsung may spin off LCD business
Samsung Electronics today revealed in a regulatory filing that they may spin off its loss-making LCD business. Although nothing has been decided yet, the move, if happens, will be a result of the losses incurred due slump in LCD demand and increased competition from Chinese manufacturers. Samsung Electronics was considering to take over Samsung […]
Samsung promotes semiconductor and LCD head
Samsung confirmed today that they’ve promoted Kwon Oh-hyun, President of Samsung Semiconductor and Display division to Vice Chairman in their annual year-end management reshuffle. Early this year, Samsung had merged its semiconductor and LCD panel division into one in order to offset the losses faced by the display division and Kwon managed to strengthen […]