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Samsung prioritizes OLED as LCD spun off

Samsung has confirmed plans to divorce its LCD business, spinning off the slumping screen division as Samsung Display Company Ltd on April 1 after which point it will operate as a new corporation. Word of the plans broke earlier this month, with Samsung confirming rumors that it was considering a spin-off within the next few months; however, that decision came earlier than predicted, the BBC reports, leaving Samsung free to focus on OLED technology. “The spin-off will allow us to make quicker business decisions and respond to our clients’ needs more swiftly,”...

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Published By: SlashGear - Monday, 20 February