S-LCD, a joint venture between Samsung and Sony, is to see its capital cut by €380 million as the two companies shift focus away from LCD displays.
According to analysts at Kiwoom Securities, both companies are looking to place more emphasis on the OLED market, as focus shifts to the more efficient flat-panel displays. With the overall LCD market set to shrink further, the money can be moved into other areas to prepare for development of other products.
According to a report by Reuters, Samsung are also planning to invest €3.4 billion in AMOLED technologies in 2011.
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Reuters press article
Samsung, Sony JV to cut capital as Sony struggles with TV loss
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