Samsung Clarifies LED Exit
Late Friday, our sister publication, EdisonReport, received the following statement from John Lucas, Sr. Mgr., Public Relations at Samsung:
“We have decided to discontinue our LED lamp business in all markets, except Korea, so that we can focus more resources on our core business areas. We will remain active in the LED industry through our LED component business, and continue to provide high-quality products and services to our customers.”
This follows earlier reports that Samsung Electronics will withdraw from the global LED lighting market except South Korea due to low-price pressure from China-based makers, while Taiwan-based TSMC Solid State Lighting will cease operations.