GoKawiilC. 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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The report claims LG executives traveled to Beijing and met with senior Hisense officials to discuss the future of LG TVs. Neither company has confirmed a deal, so it’s difficult to validate these claims just yet.
Still, even the possibility of LG exiting the TV business is big news.
LG has been one of the biggest names in televisions for decades. Its TV roots go all the way back to 1966, when its predecessor GoldStar launched Korea’s first black-and-white TV. If LG exits the TV business, it would effectively end nearly 60 years of the company’s TV manufacturing history.
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