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Samsung cuts back on LED lighting business

Posted: 28 Oct 2014 ?? ?Print Version ?Bookmark and Share

Keywords:LED? lighting? Samsung?

Samsung Electronics is scaling down its light emitting diode (LED) lighting business. The South Korean company announced recently that it is stopping its LED lighting business outside of the country, according to Reuters.

Four years ago, LED was identified by the Samsung Group as a key growth business, along with rechargeable cells for hybrid electric cars, solar cells, medical devices and bio-pharmaceuticals.

[See also: LEDs: Big lights come in small packages]

The company, however, had difficulties going head-to-head with established competitors such as Philips and Osram. Still, Samsung electronics said it "will remain active in the LED industry" with its LED component business, focusing on areas such as back-lighting for consumer electronics displays, according to Reuters.

Samsung launched a new range of LED "smart bulbs" early this year. According to the company, the bulbs make use of Bluetooth technology which eliminates the need for a bridge and wireless AP, enabling the user to connect and control it directly from a smartphone or tablet PC. By installing an application, users can access and control of up to 64 Smart Bulbs with no additional equipment or set up required.

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