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Samsung spins off struggling LCD business

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.”

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.