Nikkei News reported on the 20th that Sumitomo Chemical has substantially withdrawn from the sapphire substrate business for LEDs. It has jointly funded the production of sapphire substrates with SSLM in South Korea, and Samsung has withdrawn its investment in SSLM. Nikkei News reported on the 20th that Sumitomo Chemical has substantially withdrawn from the sapphire substrate business for LEDs. It has jointly funded the production of sapphire substrates with SSLM in South Korea, and Samsung has withdrawn its investment in SSLM. Due to the rise of Chinese LED manufacturers, Samsung has no advantage in price competition. In the global high-end lighting business, Philips NV and Osram AG have long monopolized the market, so Samsung Electronics in 2014 Opted to exit the overseas LED lighting business. In June 2017, South Korean media "Korea Herald" and "The Bell" reported that South Korean giant Samsung LED will sell its plant and business in Tianjin, China, to a private equity firm based in Hong Kong, China. Subsequently, Vice President Tan Changlin of Samsung LED specifically denied the news to the outside. LED business was once regarded as one of the core businesses by Samsung. Samsung and Sumitomo Chemical set up a factory together, hoping to join forces to expand the market share of LEDs in emerging countries and other markets. However, due to the fierce price of Chinese manufacturers, the LED industry environment has deteriorated. Forcing Samsung to decide to significantly reduce the LED business, but also let SSLM embark on the fate of the end of the production of sapphire substrates.
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