Samsung has confirmed to merge its various display units that includes the recent spun-off Samsung Display, Samsung Mobile Display and S-LCD into one. The merger was approved by the Board of Directors and is expected to complete by July 1. Samsung Electronics will have a majority stake, about 84 percent whereas Samsung SDI will […]
Samsung Display
Samsung Electronics spin-off Samsung Display to commence operations
Last month Samsung Electronics got the approval from the shareholders to spin-off its display business under the name Samsung Display. Well as per plans, the Samsung Display Co. will be operational from tomorrow where Park Dong-gun will head the company as CEO and senior vice president. The company has over 20,000 employees worldwide, five […]
Samsung Electronics gets the nod to spin off LCD business
At the 43rd Annual General Meeting, Samsung Electronics shareholders approved the spin off of the ailing LCD business. According to the motion passed, Samsung will create a new independent company called Samsung Display Co. (tentative) and will be launched on April 1 with an initial capital of 750 billion won. Park Dong-gun will assume […]