Samsung Display, the world's largest display maker has been officially spun off from Samsung Electronics today. There are reports that on July Samsung Mobile Display (SMD) will be merged into Samsung Display.
SD will have two display units: LCD and OLEDs, but it's focus will be on the OLED unit. Here's a quote from Samsung's PR announcing the spin-off back in February, stating the importance of OLED technology:
"Currently, the display market is undergoing rapid changes with OLED panels expected to fast replace LCD panels to become the mainstream. Amid this structural change of the Display industry, adopting measures for change and innovation, including business restructuring, are essential to improve our competiveness for our Display business"