Severe competition Samsung intends to exit the LED lighting market

South Korean media "Asian daily" (Dong-A Ilbo) 27 reported on the Japanese version, Samsung will exit the LED lighting market, Samsung has decided to suspend in the overseas market in LED lighting sales and other related business, and communicated to overseas customers in the future will not be in the overseas market development of LED lighting industry. According to reports, Samsung in the future still will continue in South Korea engaged in LED lighting business, but due to the small size of the market in South Korea, so Samsung from the overseas market, but also the same as Samsung will essentially quit LED lighting market.

According to reports, Samsung said, because with the existing LED lighting manufacturers, with severe competition Chinese enterprises more and more manufacturers hit low-cost strategy to grab the city, so the force made the decision after Samsung, Samsung will be the company resources to fully into the LED parts business.

According to reports, Samsung LED related business revenue, up to more than 90% by using the panel backlight module of electronic products "LED parts business" contribution, and in addition to the LED lighting business situation grim, Samsung in the LED vehicle parts market almost no market influence, so it is necessary to continue Samsung LED vehicle parts business focus on market strategy.

Yonhap reported on October 22nd that the South Korean Industry Alliance (Federation of Korean Industries; FKI) invited think-tank with South Korea such as Kiwoom, Daishin, HI broker Investment and Securities meeting, a number of industry analysts' estimates of South Korea will face difficulties in the fierce competition next year, LED products will encounter Chinese operators.

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