Monday, April 2nd 2012

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

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.
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11 Comments on The World's Largest Display Manufacturer, Samsung Display is Launched

#2
RejZoR
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).
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#3
Mussels
Moderprator
LAN_deRf_HA said:
Why is this advantageous?
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)
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#4
Kreij
Senior Monkey Moderator
Having a corporation split into divisions, groups or other entities has tax advantages too.
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#5
niko084
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.
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#6
de.das.dude
Pro Indian Modder
IMO most samsung displays are crap compared to same priced counterparts.
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#7
FordGT90Concept
"I go fast!1!11!1!"
I think it is probably to keep anti-trust lawsuits at bay.
Posted on Reply
#8
Isenstaedt
Mussels said:
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)
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.
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#9
[H]@RD5TUFF
Not sure what purpose this serves. . .
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#10
Solaris17
Creator Solaris Utility DVD
I will admit im probably the biggest samsung display(no pun intended) fanboy you'll ever meet.
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#11
Depth
The World's Largest Display Manufacturer
Who makes all the medium and small ones?
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