Samsung Electronics considers taking over SMD

In a filing to the Korean Stock Exchange, Samsung Electronics announced it is considering taking over Samsung Mobile Display. Currently Samsung Electronics holds 64.4% in SMD (the rest is held by Samsung SDI). SMD is Samsung's OLED unit, and they produce over 90% of the world's AMOLED displays.



Samsung Electronics says that this move will improve the synergy within the group. But this can be bad news for other companies who rely on SMD's AMOLED panels, as perhaps the will not want to keep the best displays for their own devices.

source: Reuters

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