Samsung heir once again urges company to be bold for future growth

Samsung made it clear two weeks ago that it faces grave challenges and that it’s buckling up to tackle them. It’s having to work around slow demand for memory chips as well as the decline in the profitability of OLED panels. Both have been significant contributors to its record-breaking profits over the past few years. The company is now looking for engines of future growth. Its heir, Vice Chairman of Samsung Electronics Lee Jae-yong, has been calling...

Samsung Display remains the leader in global display market

The latest data from IHS Markit shows that Samsung Display has retained its dominant position as the top global smartphone display vendor in the first quarter of this year. It was able to do that as more smartphone manufacturers opted for OLED panels for their premium devices. Samsung picked up the bulk of those orders. Samsung’s display affiliate is estimated to have shipped $3.4 billion worth of smartphone displays in the first quarter ending March...