Samsung, the former Korean powerhouse, has been busy suing Apple and now we probably know why: their LCD sales are flat and they are attempting to combine their LCD and semiconductor business to reduce accounting loss.
Rumor has it that Apple is reducing their dependence on Samsung in the future, another potential problem for the beleaguered company.
“In the past, the semiconductor market tended to be weaker in the first half and stronger in the second half, but for this year, it is likely to remain flat throughout the latter half,” Kwon said according to The Wall Street Journal. Samsung typically sees 70% of its operating profits and 44% of its revenues from the combined sales of its semiconductor and LCD products.