LG reportedly denies plans to sell TV business to Hisense, but there’s probably still a display war coming that could impact the PC
LG has denied reports claiming it plans to sell its television business to Chinese manufacturer Hisense. The denial comes in response to a South Korean news report published on EBN that suggested LG was considering shutting down its “problematic” TV division and discussing a potential sale with Hisense. The original story has since been removed from the website.
While LG has reportedly rejected the claim, the company has not yet issued an official statement. The denial occurs in a context where other major electronics manufacturers have been exiting the TV business—most notably, Sony recently sold its television division to Chinese company TCL, signaling potential shifts in the consumer electronics landscape.
Although LG’s display panel manufacturing operations were not directly implicated in the report, the story highlights ongoing competitive pressures in the display industry, particularly from Chinese manufacturers. Should LG or other major panel makers experience significant shifts in their TV businesses, this could have ripple effects on the broader display market, potentially impacting PC monitor availability and pricing.
The situation reflects broader industry consolidation trends as traditional consumer electronics companies reassess their product portfolios in response to changing market conditions and competitive pressures, particularly from Asian manufacturers. While the report appears to be unverified and has been denied, it underscores ongoing uncertainties about the future structure of the TV and display manufacturing sectors.