Samsung wants to sell its Chinese unit, which deals with led products
According to the Investor, referring to The Bell, Samsung Electronics is currently considering the possibility of selling his unit Tianjin Samsung LED, which is engaged in led products.
As the buyer unit is a kind of Hong Kong private investment company which currently conducts legal expertise of the company.
The source adds that the sale of the units Tianjin Samsung LED becomes part of a global strategy for the restructuring of the led business of Samsung, which in recent years is suffering losses due to strong competition from Chinese manufacturers of more affordable products.
Ultimately Samsung needs to change the approach, and started to order led products from Chinese suppliers.
By the way, LG Innotek, who recorded the deterioration of sales, already did.