Samsung Display becomes the world's largest display manufacturer, after merging with the Samsung Mobile Display and S-LCD corporations. This will allow Samsung to combine technologies from each division into one powerhouse capable of mass producing high quality panels. Expect to see some major improvements for Samsung's mobile, professional, and consumer displays.
The full press release is below the break.
Samsung Display Newly Established as World's Largest Display Manufacturer
Samsung Display Co., Ltd., a global leader in display panel technologies and products, announced today that it has begun conducting business as a newly merged corporation with Samsung Mobile Display and S-LCD corporations.
Samsung Display is the world’s largest display manufacturer, now with 39,000 employees and seven production facilities worldwide. Oh-hyun Kwon, vice chairman and CEO of Samsung Electronics, was elected CEO of Samsung Display at the general meeting of stockholders and board of directors.
Kwon said, “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.” He added, “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.”
Samsung Display also decided upon its corporate slogan: ‘displays beyond imagination’ and declared it would move forward with a bold goal of striving to continually lead the future.
Through its merger with Samsung Mobile Display and S-LCD corporations, Samsung Display plans to expand the company’s management efficiencies, while optimizing the synergistic effects of its LCD (liquid crystal display) and OLED (organic light-emitting diode) business initiatives. The company also intends to strengthen its global competitive edge by combining OLED production technology with precision large panel operations and seasoned supply chain management.
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