According to media reports, in the face of fierce market competition, Samsung Electronics is planning to gradually withdraw from the LED business and reallocate resources to the semiconductor field.
Samsung's LED business includes lighting equipment LED, TV LED and automotive LED three major areas, the company will first stop producing lighting equipment LED chips, and plans to close the lighting business in the first half of 2026.
Subsequently in the second half of the year to stop the TV LED business, and ultimately at the end of 2030 before the complete withdrawal of automotive LED lighting field.
Samsung's LED business has been underperforming in recent years and is subject to fierce competition from low-cost Chinese products and international brands.
Industry reports show that China's LED market size grew from about 50 billion yuan in 2016 to 150 billion yuan in 2024, an annual growth rate of more than 10pc.
Chinese companies such as Guoxing Optoelectronics, BOE and Sanan Optoelectronics have made significant progress in terms of technology and market position, intensifying competition in the global market.
Its China Star, Leshi Lighting and Sunshine Lighting are leaders in the field of LED lighting equipment; while BOE and TCL hold an important position in the field of TV LEDs; and in the automotive field, BYD has become a major player.
