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Samsung mulls LCD spin-off

TV manufacturer Samsung is considering spinning off its LCD activities to focus on more profitable next-generation flat-screen panels.

The LCD business has been hit by oversupply and the entry of low-cost Chinese manufacturers.

According to local reports, Samsung may merge its LCD business into Samsung Mobile Display, which was set up by Samsung Electronics and Samsung SDI to make organic light-emitting diode, or OLED, panels. Samsung and other manufacturers are looking to use OLED technology, which can be used to produce very thin displays and is currently mostly used in smartphones, in TVs.

The LCD business posted a loss of 750 billion won last year.

Tags: Samsung