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Company News >> Samsung's newly formed equipment solutions sector restructuring LCD business 22th,June,2017

SAN FRANCISCO (MarketWatch) - Samsung Electronics has set up a new division called "Device Solutions", which will be responsible for Samsung's semiconductors, LCD panels and other electronics, according to foreign media reports. Parts business.

Samsung has tried to integrate its parts and components business. But eventually abandoned the plan, the purpose is to give the parts business more autonomy, so that they are more like an independent company to operate.

Samsung Group said in a statement today: "The formation of equipment solutions sector, aimed at strengthening the Samsung chip, LSI (large scale integrated circuit) system, LCD panel and Samsung mobile display and other business coordination and synchronization between the Conducive to Samsung parts business to further strengthen cooperation with global customers.

Samsung said that Kwon Oh-hyun, president of Samsung Semiconductor, will serve as head of the equipment solutions division while taking over the current job responsibilities of Chang Wonkie, president of the Samsung LCD division and executive director of the S-LCD division. S-LCD is Samsung and Sony jointly set up the LCD panel joint venture. Zhang Weng can be the future of Samsung equipment solutions sector consultant to assist the department's technical innovation and so on.

Samsung broke the routine during the year announced the reorganization of business, mainly due to its LCD panel business a serious loss. On the other hand, although Apple has been one of the major buyers of Samsung parts, but because Samsung and Apple recently sue each other to infringe their own smart phone and tablet computer technology patents, so do not rule out the possibility of deterioration of the two companies cooperative relationship.

In most cases, Samsung will choose to announce its reorganization program in December or early January.