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    Kanayo calls for actress Angel Unigwe to be boycotted by producers after incident on set

    Nollywood filmmaker, Kanayo O. Kanayo has called on producers to boycott the actress, Angel Unigwe, after an incident he said occurred with her mother...

    Tems clears the air about her viral Oscars dress, says there was no ‘view blocking’

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    Ogun gov creates new agencies, bans monarchs from mining deals The Governor of Ogun State, Dapo Abiodun, has issued three Executive Orders establishing...

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    Resist FG access to pension fund, ASUU urges Nigerians

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    LG to shut down mobile phone business

    The South Korean electronics manufacturer, LG is closing its loss-making mobile phone business.

    The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul.

    The shutdown of LG’s mobile phone sector is expected to be completed by the end of July.

    “LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, and artificial intelligence.

    “It will also focus on business-to-business solutions as well as platforms and services,’’ the statement added.

    LG wants to “continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas’’.

    Core technologies developed during the two decades of LG’s mobile business operations are to be retained and applied to existing and future products, the company said.

    LG’s withdrawal from the smartphone business had been on the horizon for some time.

    The division has shown an operating loss for years.

    (dpa/NAN)

    Latest Posts

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    Nigerian singer Tems has addressed the viral controversy surrounding her iconic dress at the 2023 Oscars, disputing rumours that she blocked anyone's view during...

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