Samsung to Spin Off LCD Unit to Focus on Thin TV Displays
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Samsung Electronics Co., the world’s largest maker of flat panels, said it will spin off its unprofitable liquid-crystal-display division as the company focuses on making thinner, brighter TVs.
The new company, provisionally named Samsung Display Co., will be set up April 1 with paid-in capital of 750 billion won ($668 million), Samsung said in a filing today.