Shareholders Approved Samsung LCD Business ‘Spin Off’

Posted on Mar 19 2012 - 7:41am by Editorial Staff

As we reported a month ago that Samsung is gearing up to “spin off” its unprofitable LCD-making division into a separate, fully-owned subsidiary. The move is now approved by Korean giant shareholders, which means that on April 1st the company new subsidiary will came into effect name as “Samsung Display Co.”, which will manufacture OLED displays.

(Image Source: Samsung logo)

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