Samsung Display announced that it has begun operation under a new structure that combines the former Samsung Mobile Display and S-LCD corporations.
The new entity is now the world's largest display maker with seven fabs, 39,000 employees and a 2011 sales volume of about $25.5 billion. The company said that it is focusing on smartphone, digital cameras, tablet PC, notebook PC, monitor, and TV panels using AMOLED and TFT LCD technologies.
“Samsung Display is destined to attain virtually unlimited growth, through continuous efforts to combine our proven know-how in the display field with an overwhelming creative spirit,” said Oh-hyun Kwon, previously vice chairman and CEO of Samsung Electronics, as well as CEO of Samsung Display. “Our combined strengths will guide Samsung’s display business through the next decade and longer, in turning the many synergistic benefits of the company into far-reaching, tangible results.”
The foundation for Samsung Display was created when Sony decided to leave the S-LCD joint venture with Samsung last year. Samsung paid Sony about $939 million for Sony's stake.