Area SmartPhone

Samsung Official Samsung Display Samsung Mobile Display S LCD to Merge

SEOUL (Dow Jones) - Samsung Electronics Co. (005930.SE) said the division that makes the display screen for an electronic gadget will be joined by two other affiliated companies, bringing together the business that grew from an independent technology under one corporate entity.

The incorporation of Samsung Display Co., Samsung Mobile Display Co, and S-LCD Inc., is expected to close on July 1, Robert Yi, head of Samsung Electronics investor relations said. Council approved the merger of electronics companies in the previous meeting on Friday.

Samsung Electronics will become the controlling owner of the merged entity, but several other Samsung affiliates, including Samsung SDI Inc. (006400.SE), will also hold a significant stake.

The merged company will make the liquid crystal display, or LCD, screens for mobile phones, computers and TV as well as organic light-emitting diode, or OLED display, for phone and TV, especially in factories in South Korea and China.

Samsung Decided to merge its three display units: Samsung Display, Samsung Mobile Display (SMD) and S-LCD. The merger is expected to close on July 1st. Samsung Electronics will control the new unit, the the which will also be held by other Samsung units (Such as Samsung SDI). This is not a surprise.


A 7-inch Super AMOLED prototype

The new company will be producing LCD and OLED panels - for mobile devices and TVs. It seems a That the company will a focus on OLEDs though. Heres a quote from Samsungs PR Announcing the Samsung Display spin-off back in February, stating the importance of OLED technology:

"Currently, the display market is undergoing rapid changes with OLED panels expected to fast replace LCD panels to Become the mainstream. Amid this structural change of the display industry, adopting measures for change and innovation, Including business restructuring, are essential to our competitiveness Improv Display for our business "