Samsung Electronics will withdraw from the LED lighting market outside Korea
According to the Yonhap News Agency, South Korea's Samsung Electronics said on Monday that it will withdraw from the light-emitting diode (LED) lighting market in all countries and regions except South Korea. Due to the bleak industry prospects, Samsung Electronics recently notified its partners in North America and Europe to terminate LED lighting business. However, Korean local LED lighting business will be retained. Samsung Electronics said that the future LED business will focus on chip packaging and mass production of digital camera backlights and components. Market participants have predicted that Samsung Electronics will withdraw from overseas LED lighting business, and pointed out that Samsung Electronics' LED business continues to be sluggish in overseas markets. Not only is the price competition with Chinese competitors extremely fierce, the global lighting business has long been used by European lighting manufacturers such as Philips in the Netherlands. The monopoly of (Philips NV) and Osram AG is also one of the reasons. Samsung Electronics is currently facing a substantial decline in performance. According to the latest performance report released by Samsung Electronics recently, Samsung Electronics' operating profit in the third quarter of 2014 was approximately 4.1 trillion won, down 59.65 year-on-year and 42.98 month-on-month; sales were 47 trillion won, down 10.22 quarter-on-quarter and down year-on-year. 20.45. This is Samsung's single-season operating profit for the first time in 11 quarters after the fourth quarter of 2011 (4.67 trillion won). In the past three years, it has fallen below 5 trillion won for the first time. It is also in the third quarter of 2011 (4.33). Trillion won) and then low innovation. It is reported that when Li Jianxi returned to Samsung Electronics and served as chairman of the board in 2010, Samsung Group identified the LED market as a new growth business point. However, Samsung Electronics and Samsung Group are currently undergoing personnel and business adjustments. As the chairman of the board, Li Jianxi, was admitted to hospital due to a heart attack, the Li Jianxi family, represented by his only son, Li Zaixi, is stepping up the control of the Samsung Group.