LG might be done making TVs after nearly 60 years

LG 4K True Wireless QNED TV (1 of 1)

Credit: C. Scott Brown / Android Authority
TL;DR
  • A new report claims that LG is discussing selling its TV business to Hisense.
  • LG is reportedly considering the move because of weak profits and growing competition from Chinese TV brands.
  • If it happens, it would mark another major exit for LG after it shut down its smartphone business in 2021.

LG may be getting ready for another major exit from consumer tech. According to Korean outlet EBN, the company recently discussed restructuring plans for its TV business with Chinese electronics giant Hisense, including the possibility of a full sale.



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