This is the end of LG’s mobile sector journey. The company confirmed its withdrawal from the smartphone business after the final decision was approved by the board of directors. LG will shift its focus and resources in the areas of electric vehicle components, IoT devices, smart homes, robotics, AI and inter-company solutions.
Currently, available LG smartphone inventories will continue to be sold in retail stores, and LG promises existing customers both hardware and software support for unspecified periods of time that vary by region. The process of phasing out LG’s mobile division is expected to be completed by July 31st, but product inventory may be available after July 31st.
LG will continue research and development in the field of telecommunications networks, including 6G projects, and focus on strengthening its competitiveness in other fields. It has also been confirmed that all core LG technologies developed over the last 20 years will be retained and incorporated into the brand’s future products.