Lighting Industry

Samsung To Gradually Exit LED Business By 2030

David Shiller October 1, 2024

Oct 1 | LightNOW

Samsung Electronics has recently announced its plan to gradually end LED lighting production by 2030. Samsung’s LED business has primarily been divided into illumination devices, TVs, and automotive. First, the company will end production of LED chips for illumination devices by first half of 2026. The TV LED lighting business will wind down by the end of 2026 and be discontinued. Lastly, the automotive LED business will end by 2030.

As the LED business phases out, the company plans to reallocate resources to grow its semiconductor sector. Samsung has struggled to maintain profitability on its LED business in the face of lower-cost Chinese products. China’s LED market has tripled over the past 8 years.

More information is available here.

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David Shiller

David Shiller is the Publisher of LightNOW, and President of Lighting Solution Development, a North American consulting firm providing business development services to advanced lighting manufacturers. The ALA awarded David the Pillar of the Industry Award. David has co-chaired ALA’s Engineering Committee since 2010. David established MaxLite’s OEM component sales into a multi-million dollar division. He invented GU24 lamps while leading ENERGY STAR lighting programs for the US EPA. David has been published in leading lighting publications, including LD+A, enLIGHTenment Magazine, LEDs Magazine, and more.

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