A few months ago we reported that Samsung Mobile Display (SMD) will raise 3.4 trillion won (about $3 billion) from its parent companies (Samsung Electronics and Samsung SDI). Today we learned that Samsung Electronics increased its stake to 64.4% and SDI now has 35.6% (the joint-venture was split 50-50 before). Apparently there are reports that Samsung Electronics wants to take over SMD entirely, but SDI claims that this is not true and they want to keep their stake.
The money will be used to boost SMD's AMOLED production capacity. This investment is part of Samsung's massive $4.8 billion OLED budget in 2011.
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Posted: Jun 02,2011 by Ron Mertens
