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The World's Largest Display Manufacturer, Samsung Display is Launched

Discussion in 'News' started by btarunr, Apr 2, 2012.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    Samsung Display Co., Ltd, a global leader in display panel technologies and products, announced today that it has been officially launched as a new corporation, spun off from Samsung Electronics. Samsung Display held its inauguration ceremony yesterday and will begin business operations in earnest after carrying out incorporation registration on April 3.

    Donggun Park, executive vice president and head of the former Samsung Electronics’ LCD Business was elected CEO of Samsung Display. The company, which recorded 22.7 trillion KRW (approximately 20 billion U.S. dollars) in annual revenue in 2011 as Samsung Electronics’ LCD Business, became the world’s largest display manufacturer overnight, based on its 20,000 employees and five production facilities worldwide.

    Park said at the inauguration ceremony, "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." He added, “By continually staying one step ahead of our competitors, we can make our company the very best in the display market.”

    More than 350 employees attended the inauguration ceremony. At the inauguration, many reflected on the success of Samsung Electronics’ LCD Business over the past 21 years and expressed a widespread determination to once again become "The No. 1 Global Display Manufacturer".

    Samsung Display began as an R&D arm of Samsung Electronics in 1991 and has developed and released some of the world's most creative and innovative displays for two decades. Now, as a separate corporation, it will respond to rapidly changing market conditions more efficiently, while providing timely, well-differentiated products and services this year and well into the future.
     
  2. LAN_deRf_HA

    LAN_deRf_HA

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    Why is this advantageous?
     
  3. RejZoR

    RejZoR

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    I thought LG was the worlds largest LCD maker. Unless they meant display maker in general, not just for LCD technology (Samsung has a large part in AMOLED manufacturing).
     
  4. Mussels

    Mussels Moderprator Staff Member

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    i assume for reasons such as 'samsung display' can sell LCD panels to say... apple, without it being that they're selling products to a direct competitor (samsung phones vs apple)
     
  5. Kreij

    Kreij Senior Monkey Moderator Staff Member

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    Having a corporation split into divisions, groups or other entities has tax advantages too.
     
  6. niko084

    niko084

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    In reality it's fairly intelligent, displays are a large part of their market yet everything. Separating it will allow them a little more freedom to run that side of the business. At least that is generally the way it ends up working out.
     
  7. de.das.dude

    de.das.dude Pro Indian Modder

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    IMO most samsung displays are crap compared to same priced counterparts.
     
  8. FordGT90Concept

    FordGT90Concept "I go fast!1!11!1!"

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    I think it is probably to keep anti-trust lawsuits at bay.
     
    Crunching for Team TPU
  9. Isenstaedt

    Isenstaedt New Member

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    But 'Samsung display' is still Samsung... it's like when ATi was ditched in favor of AMD graphics and there were those logos designed without the AMD word on them so that they could appear on Intel based machines, but that made no sense because before that ATi already belonged to AMD and everyone knew that.
     
  10. [H]@RD5TUFF

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    Not sure what purpose this serves. . .
     
  11. Solaris17

    Solaris17 Creator Solaris Utility DVD

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    I will admit im probably the biggest samsung display(no pun intended) fanboy you'll ever meet.
     
  12. Depth

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    Who makes all the medium and small ones?
     
    Mussels says thanks.

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