Samsung Electronics said over Tuesday it is conceiveing assorted options to improve competitiveness of it is loss-making LCD flat-screen business several nevertheless declined to comment over a media report that it may spin off the operation.
The potential restructuring turned froms afterwards it ended it is liquid crystal display (LCD) venture goes along with Sony [SNE
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] nowly as well as as demand growth as for flat-screens weakened sharply due to rising competition from China as well as slack television sales globally.
Major display creaters from Samsung to LG Display are shifting to a fresher type of flat-screen display called organic light-emitting diode (OLED), that is currently utilized primaryly in high-end smartphones, betting the fresh technology is about to replace LCD in huger-sized screens such that as TV displays.
The South Korean firm said earlier this month that it may completely take from it is unlisted OLED making unit Samsung Mobile Display.
Some analysts believe Samsung may merge the more profitable OLED business goes along with it is LCD operation as well as convert region of LCD production capacity into OLED manufacturing lines.
“We are internally reviewing assorted options several nevertheless nothing has been determined yet,” Samsung spokesman James Chung said.
The Chosun Ilbo reported over Tuesday in an unsourced report that Samsung was conceiveing spinning off it is LCD business, that incurred more than 1 trillion won ($ 891 million) in operating loss in 2011.
Samsung vies goes along with local rival LG Display as for the title of the world’s the best creater of LCD flat-screens, that are primaryly utilized in handsets, smartphones, dsktop computers, laptops as well as television display.