Rumour: Samsung to Spin-Off LCD, OLED Units

There have been unconfirmed reports that Samsung is considering plans to spin-off its LCD and OLED business, Samsung Display. Sources in Korea suggest that the divisions could be split next month, three years after Samsung spun-off its LCD unit and merged it with Samsung Mobile Display (SMD) and S-LCD (Display Monitor Vol 19 No 8).

Last November Samsung Group’s Future Strategy Office started a managerial review of Samsung Display to try to establish what could be improved (Samsung Display to Review Management). The news came after Samsung Display posted a 93% drop in third quarter operating profit and after the company’s first operating loss of $73.6 million in the first quarter of the year.

Samsung is due to release its first quarter results in early April.