Organic light emitting diodes (OLED) sounds like a mouthful, but it’s also one of the most breathtaking display technologies ever developed – one that is expected to encounter a very positive reception shortly, when it enters the market on a mass scale. In fact, a Display Search report suggests that as OLED technology continues to gain momentum in the mass market, it is forecast to become a $6 billion market by 2018. iSuppli supports this forecast in the following chart, which shows annual revenues nearly doubling between now and 2015.
A few months ago,, we announced that Samsung’s LCD business branched off to become its own subsidiary, Samsung Display, as the company continues to lead and invest in the display industry. We are now thrilled to announce that two more display makers have being added to the company through a huge internal merger: Samsung Mobile Display and S-LCD Corporation. Together, we have become Samsung Display, the world’s largest display manufacturer.
We’re excited about new opportunities and the synergies between our OLED and LCD operations that this merger brings, as well as new technological innovation that will come out of Samsung Display down the road.
I’ve posted the official release announcing the new subsidiary, but am curious to hear what you think lies ahead in the future of the display market. We’d love to hear your thoughts in the comments section below.
Samsung Display Newly Established as World’s Largest Display Manufacturer
SEOUL, Korea – July 2, 2012 – 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.
About Samsung Display Co., Ltd.
Samsung Display Co., Ltd. is a global leader in display panel technology and products. Employing approximately 39,000 people at seven production facilities and nine sales offices worldwide, Samsung Display specializes in high-quality displays for consumer, mobile, IT and industrial usage, including those featuring OLED (organic light emitting diode) and LCD technologies. As a total solution provider, Samsung Display strives to advance the future with next-generation technologies featuring ultra-thin, energy-efficient, flexible, foldable and transparent displays. For more information, please visit www.samsungdisplay.com.