Taiwan Stock Discussion

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Samsung to shed money-losing LCD TV business

South Korea's Samsung Electronics Co., the world's biggest maker of televisions, is shifting its focus toward new generation OLED display technology, and said it will spin off its loss-making LCD flat-screen business into an affiliate.

The outlook for liquid crystal display TVs has dimmed as shoppers in developed markets have traded in their bulky cathode-ray tube TVs for flat screens, and competition has intensified from low-cost Chinese manufacturers.


Together, Panasonic, Sony and Sharp expect to lose $17 billion this year, highlighting the savaging of Japan's electronics industry, and TV makers in particular, by foreign rivals such as Samsung, weak demand and a strong yen.

Samsung's LCD division had an operating loss of $666 million last year.

http://www.chicagotribune.com/business/breaking/chi-samsung-to-shed-moneylosing-lcd-tv-business-20120220,0,4488164.story