LG Considers Restructuring TV Division Amid Industry Challenges, Talks with Hisense Reported
LG Electronics is reportedly considering restructuring its television division, including a possible sale, amid challenges from growing Chinese competitors like TCL and Hisense. Discussions between LG and Hisense have been reported but not officially confirmed. This potential move follows Sony's recent majority sale of its TV business to TCL and reflects broader industry pressures from slowing demand and competitive pricing. LG has stated no official decision has been made regarding the TV business.