Samsung scales down LED lighting as outlook dims

By Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd said on Monday that it will cease its light emitting diode (LED) lighting business outside of South Korea, scaling back what was identified as a key growth business just four years ago. The pullback comes on the heels of Dutch rival Philips' recent decision to spin off its century-old lighting business. Price wars have slashed profitability to levels deemed too unattractive in the long run, despite an LED boom that has upended the global incandescent lighting industry. ...

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