The new Samsung Display Co. is now a separate 20,000-employee entity under the Samsung umbrella, forming the world's largest display company, the company announced today. Despite LCD sales of 22.7 trillion won (about $20.1 billion) in 2011, the company took a 750 billion won (about $665 million) loss last year, prompting the spin off. Just as planned, Samsung has formally separated from its display business, which will begin solo operations "in earnest" April 3rd. The newly created -- and still 100 percent Samsung Electronics owned -- Samsung Display comes into existence immediately as "the world's largest display manufacturer" with 20,000 employees and five production facilities around the world. New president Donggun Park reiterated the company's stance that this move will better allow the display unit to stay ahead of the market, although what that might mean in LCDs, OLED or any other new technology isn't clear yet. Competitor LG has had a separate LG Display unit since 1999, which was originally a joint venture with Philips before that company sold all of its shares in 2008. As you can see from the new logo above not a lot has changed so far, but we'll see what "customized products" it can develop in the future.
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