April 2, 2012 06:32 am EDT

Samsung Display spinoff officially launches as 'the world's largest display manufacturer'

Just as planned, Samsung has formally separated from its display business, which will begin solo operations "in earnest" April 3rd. The newly created -- and still 100 percent Samsung Electronics owned -- Samsung Display comes into existence immediately as "the world's largest display manufacturer" with 20,000 employees and five production facilities around the world. New president Donggun Park reiterated the company's stance that this move will better allow the display unit to stay ahead of the market, although what that might mean in LCDs, OLED or any other new technology isn't clear yet. Competitor LG has had a separate LG Display unit since 1999, which was originally a joint venture with Philips before that company sold all of its shares in 2008. As you can see from the new logo above not a lot has changed so far, but we'll see what "customized products" it can develop in the future.

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Samsung Display spinoff officially launches as 'the world's largest display manufacturer' originally appeared on Engadget on Mon, 02 Apr 2012 02:32:00 EDT. Please see our terms for use of feeds.

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