Samsung Spins Off LCD Business

bp9801 - February 20, 2012 06:50PM in Monitors

Last month, Samsung purchased Sony's stake in the joint S-LCD venture between the two electronics giants. Then came the rumors Samsung would spin off its LCD business, to which the company it was considering the move. Now, consider it a rumor no more, as Samsung will spin off its LCD business on April 1st, 2012, and call it Samsung Display. The new department will have $6.6 billion at its disposal, which should help to get new products developed quickly. The move is still pending shareholder approval, but those at Samsung are optimistic it will have no resistance. Samsung Display will mean quicker business decisions and faster response time to customers, both solid aspects that should appease fans of Samsung.