Samsung is exiting the LED lamp business

The company has decided to exit the lightbulb and luminaire side of the industry and focus more on LED components.

The Technology company is backing away from the lightbulb market but is still a part of the wider LED sector. A statement from the company said: "We have decided to discontinue our LED lamp business in all markets, except Korea, so that we can focus more resources on our core business areas. We will remain active in the LED industry through our LED component business and continue to provide high quality products and services to our customers."