Samsung Electronics to Spin Off LCD Business after Final Approval by Stakeholders in March
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Monday, February 20th, 2012
SEOUL, KOREA - On Feb. 20, 2012, the Board of Directors at Samsung agreed to nominate the spinoff of its LCD panel manufacturing unit as an agenda for final approval at the General Meeting of Shareholders in mid-March.
The decision comes as Samsung positions itself for the rapidly changing market environment and is aimed at solidifying a competitive edge with differentiated technology by streamlining the decision-making process and managing business resources more efficiently.
Provisionally named Samsung Display Co., Ltd., the LCD unit will officially be launched as a new corporation on April 1, 2012, with KRW 750 billion in capital. Donggun Park, Executive Vice President and head of LCD Business, said, “The spinoff will allow us to make accelerated business decisions and respond to our clients’ needs more swiftly.” He added, “Through enhancements in business competitiveness, we will continue to provide superior products and services for the market.”
|
|
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
|
Samsung |
23.8% (1st Place) |
23.1% (1st ) |
25.7% (1st) |
27.6% (1st) |
25.7% (1st) |
27.6% (1st) |
|
LG Display |
20.5% (2nd Place) |
20.4% (2nd) |
20.3% (2nd) |
24.9% (2nd) |
25.5% (2nd) |
26.2% (2nd) |
|
AUO |
15.9% (3rd Place) |
19.3% (3rd) |
17.0% (3rd) |
15.7% (3rd) |
15.8% (3rd) |
15.7% (3rd) |
|
CMI(CMO) |
11.7% (4th Place) |
12.4% (4th) |
14.0% (4th) |
14.6% (4th) |
14.5% (4th) |
15.3% (4th) |
|
SHARP |
6.8% (5th Place) |
6.9% (5th) |
8.5% (5th) |
6.5% (5th) |
9.8% (5th) |
7.4% (5th) |
- Market shares and ranking of LCD industries and sales.
