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LG Will Now Use Its Smartphone Factories To Build Home Appliances

Usman Aslam Written by Usman Aslam · 35 sec read>

With LG officially discontinuing the smartphone business, the company has officially decided to re-route its resources into making new and better home appliances. Hence, all the respective smartphone factories of the company will turn into production line factories for appliances.

Read More: LG will no longer manufacture smartphones by the end of July 2021

As of now, the government of Brazil has approved LG’s plan to expand by utilizing almost $62 million. Once the project is done the company will be releasing a new line of computers, laptops, appliances, and more.

LG’s Haiphong plant will soon pause its production of smartphones and utilize its existing resources in the appliances category. This is due to the fact that the company has been facing exponential losses in the smartphone business.

With LG expanding its appliance business, it is quite sad to see the tech giant let go of the smartphone ecosystem as the company had some amazing products back in the day which had generated quite a buzz.

Written by Usman Aslam
A tech enthusiast, writer, researcher and strategist working on the latest technologies and making an impact. Usman has been heavily focused on building communities, empowering people through technological trends and advancements for over 3+ years including many notable names such as IEEE Region 10, TEDx, Google Developers, United Nations Programmes, Microsoft Partner Program and much more. Reach out: Profile