[Breaking News] Samsung to Shutdown LED Luminaire Business

Korean electronics conglomerate Samsung Electronics intends to close down its LED luminaire business, according to a report by Korean media Yonhap Infomax. The Korean report on Samsung's exit from the LED luminaire business can be found here.

The LED business founded in 2009 will decide next week whether to ax the LED luminaire business, said Jack Kuo, Assistant Research Manager of LEDinside.

Samsung’s LED business has been outsourcing LED luminaire production for the last two years, according to LEDinside's understanding.

(Editor's Note: Updated on Oct. 14, 2014 to include original Korean source.)

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