LG Electronics ending production and sales of loss-making smartphone division

Author: 
Reuters
article author: 
ID: 
1617587338003338400
Mon, 2021-04-05 05:16

SEOUL: South Korea’s LG Electronics Inc. said on Monday it will end production and sales of its loss-making smartphone division.
LG had announced in January it was considering all options for the business after logging nearly six years of losses totalling some $4.5 billion.
Talks to sell part of the business to Vietnam’s Vingroup fell through due to differences about terms, sources with knowledge of the matter have said.

Main category: 

Leave a Reply

Your email address will not be published.