Samsung LED Repudiates Rumor About Its Step Out of China and Sales of Tianjin Unit

Yesterday (20 June), Jacob Tarn, Executive Vice President/ Deputy BU Head at Samsung LED, refuted the Korea Herald’s and The Bell’s reporting of Samsung LED selling off its business unit in Tianjin to a Hong Kongese private equity firm.

Deputy head Tarn gave a response to LEDinside that it was an essentially false report. Samsung LED’s plant in Tianjin now mainly manufactures applications, including LED packages and modules, for LED backlighting and automotive lighting. Deployed with highly automated and accurate packaging equipment, the factory is operated as a pivotal linchpin in the China market.

Tarn further explained that Samsung LED in fact has been earning profits after the turnaround in 2015, rather than ‘experiencing a massive reorganization to reverse the continuous slump in Samsung LED’s business’ as the Korean press reported.

Also, Samsung LED’s Tarn pointed out, the company’s interior source showed it currently holds the second largest share in the global LED market.

Source: LEDinside

According to stats from LEDinside, Samsung LED ranked fourth in the global LED component market in terms of market share. The difference between the two sources mentioned here is in light of different analytical approaches and calculation of the company’s earnings. Despite that, Samsung LED’s leading position in the world LED market is unequivocal. Anticipation for Samsung LED to keep its high penetration is still rising as markets such as automotive lighting, or even Micro LED are expected to soon take off in the future. That again stressed the great significance of Samsung LED in the Samsung Electronics.

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