Samsung Electronics acquires Samsung LED equity to strengthen LED business competitiveness

In order to strengthen the competitiveness of the LED business, Samsung Electronics announced on the 26th that the company will acquire its stake in "Samsung LED Company" from Samsung Electric, which accounts for 50%. The merger is scheduled to be completed in the first half of next year.

The LED business is selected by the Samsung Group as one of the top five engines for future growth. Samsung LED is a LED joint venture established by Samsung Electronics and Samsung Motors in 2009, with revenue of $1.68 billion in 2010. Samsung is currently the world's largest producer of TV and memory.

A South Korean media reported that Samsung’s capital expenditure will reach a record high of 43 trillion won in this year (2011), and it will further expand its investment next year. Capital expenditure will approach 50 trillion won (43.5 billion U.S. dollars), most of which will be It will invest in non-memory and organic light-emitting semiconductor (OLED) businesses. As OLED TV is about to enter commercial mass production next year, the group is also reported to increase its OLED investment from 5.4 trillion won this year to 7 trillion won.


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