Samsung to spin off LCD into separate business

Seoul: Samsung Electronics said on Monday that it would spin off its loss-making LCD flat-screen business into a separate affiliate as it seeks to orient its component business towards OLED displays, touted as the technology that will replace LCD TVs.

[caption id=“attachment_218344” align=“alignleft” width=“380” caption=“The decision follows an announcement that the company was reviewing separating the LCD business”] [/caption]

The decision at its board meeting on Monday follows its announcement last week that it was reviewing separating the LCD business, as the sector has been mired in a slump and looks set to become a low-growth commodity type technology with greater competition from low-cost Chinese manufacturers.

Reuters