Samsung on Monday announced that it will spin off its LCD display panel manufacturing business. Tentatively named Samsung Display Co., Ltd., the new company will be a wholly owned subsidiary of Samsung Electronics and it will launch with approximately $6.6 billion in initial capital when it officially breaks off from Samsung-proper on April 1st, 2012. “This split LCD business is the speed of your business can be secured to the diverse needs of Customers.Therefore were able to respond quickly,” said Donggun Park, EVP of Samsung’s LCD business, in a statement. “Business competitiveness to our customers advanced products and a step I will try to provide technology and services.”

Read

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.