LG formally shutting down international cell phone enterprise

As extensively rumored for the previous few weeks, LG formally (*10*)introduced nowadays that its cellular department is shutting down. Tool updates and toughen for current smartphone house owners will proceed for a “time frame.”

Following this “strategic determination” authorized via the board of administrators previous nowadays, the corporate is specializing in electrical car parts, attached units, sensible properties, robotics, synthetic intelligence, and business-to-business answers.

That mentioned, LG will proceed growing “mobility-related applied sciences,” with 6G touted in its press unlock. It additionally mentioned “main points associated with employment will likely be made up our minds on the native degree.” LG expects to finish the close down of its cellular department via July 31.

Core applied sciences evolved all over the two many years of LG’s cellular enterprise operations may also be retained and carried out to current and long term merchandise.

Present stock will stay “to be had on the market,” whilst current telephone house owners will proceed to get toughen and tool updates for an unspecified “time frame which can range via area.” It’s no longer transparent how the Android 11 rollout (*14*)will likely be impacted.