Samsung Spins Off Display Business … Sorta

April 2, 2012 by Dave Haynes

Samsung’s display business is now officially known as Samsung Display Co., Ltd, a spun-off separate entity from Samsung Electronics. Samsung still owns 100 per cent of Samsung Display, however.

Donggun Park, the new CEO of Samsung Display, says the company did about $20 billion US last year and instantly becomes the  the world’s largest display manufacturer.

Samsung Display says being a separate corporation allows it to “respond to rapidly changing market conditions more efficiently, while providing timely, well-differentiated products and services this year and well into the future.”