The rumors and speculations will lastly come to an finish as LG Electronics Inc. has made an official announcement. LG has not too long ago made a press release that it’s stepping away for the telephone enterprise. This implies manufacturing and gross sales are stopping as the opposite South Korean tech large can be focusing extra on B2B answer, Web of Issues (IoT), and electrical autos (EVs). The LG executives have made up their minds and have spoken: the cell enterprise unit is closing down.
The board of administrators have permitted the choice to shut down its mobile business division. This can be a strategic choice to focus its sources to different areas which might be extra worthwhile. We will anticipate that no new smartphones can be launched by LG together with the much-anticipated LG Rollable Phone, LG Rainbow, and the LG Q83.
LG will work extra on development areas like linked units, good houses, synthetic intelligence, robotics, and electrical autos. Providers, platforms, and different business-to-business options can be given additional focus within the coming months and years.
As per LG, cell units a part of its present product lineup will nonetheless be up on the market. Software program updates and customer support assist will sill be supplied (opposite to an old report) as much as a time frame however will rely in numerous areas.
The mobile phone business shutdown will occur slowly. LG will nonetheless work with enterprise companions and suppliers collaboratively all all through the closure. Workers that can be affected in South Korea have but to obtain particulars about their destiny however we’re assuming they are going to be moved to totally different items.
LG is decided to nonetheless use its experience within the cell enterprise. It’s going to develop applied sciences associated to cell that will profit many firms and hundreds of thousands of individuals. LG stated it’s trying into 6G already.
The cell operations and applied sciences will nonetheless be utilized to future and current merchandise by LG. The unit is anticipated to be closed off by July 31.
Unhappy day for LG. “Kamsahamnida” and “Annyeong”.