Senior LG executives spoke about the company’s OLED TV market strategy at a press conference hosted at The Humble Hotel in Taipei, Taiwan earlier Tuesday.

As previously communicated, Philips continues to simultaneously prepare for an initial public offering (IPO) or a private sale of Philips Lighting. With equity markets’ sentiment improving compared to the first couple of months of the year, an IPO increasingly appears a more likely outcome, subject to further market developments and other relevant circumstances.