Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand 
LG Electronics says it's open to 'every possibility' for its money-losing its (MC) mobile communications business unit due to fierce competition in the global market.
According to LG, South Korea's major home appliance maker, it has reached a point where it needs to make the best decision for its MC business unit and is thoroughly reviewing plans.
There were rumors that it may sell the unit.
LG Electronics CEO Brian Kwon assured employees in the mobile business will keep their jobs regardless of the unit's fate.
LG's MC business has been losing since the second quarter of 2015. As of last year, it has accumulated operating losses of around 5 trillion won.
Analysts estimate that the mobile unit narrowed its operating losses from 1 trillion won in 2019 to around 800 billion won last year.
Struggling mobile phone sales amid the pandemic have apparently prompted LG to consider selling the business.
LG Electronics has been adjusting its product portfolio and expanding original development manufacturing deals.
Its global smartphone market share is estimated at around 2 percent, overshadowed by Apple and Samsung Electronics in the premium segment, while struggling to increase sales against Chinese brands in the budget smartphone sector.
In South Korea, LG Electronics was the third-largest smartphone vendor last year with a market share of 13 percent, with Samsung topping the domestic market with a 65 percent share, followed by Apple with a 21 percent.
