South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday.
A major appliance maker is considering moving some of its operations from a Mexico facility to the U.S. after President Donald Trump considers 25% duties on imports.
The Consumer Electronics Show (CES) 2025 in Las Vegas, US has concluded, revealing distinct strategic paths taken by South Korean tech giants Samsung Electronics (Samsung) and LG Electronics (LG). While both companies leveraged generative AI (GenAI) to enhance their competitive positions,
LG Electronics surpassed a record 87 trillion won in annual revenue for the first time last year. However, as the second half of the year progressed, profitability declined, leading to a decrease in annual operating profit compared to the previous year.
It seems as though Panasonic forced LG Display’s hand when it announced at CES 2025 the new panel technology at use in its new Z95B OLED TV — a new four-layer OLED panel structure that increases brightness while improving efficiency at the same time.
LG plans to launch its brightest-ever OLED screen later this year. A new internal structure enables the fourth-gen panel to achieve a maximum brightness of 4,000
The South Korean electronics giant is focusing on humanoid robot development, utilizing its AI agent Q9 technologies for the project.
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Samsung and LG, two major South Korean electronics giants have manufacturing plants in Mexico that cater to sales in South America as well as the US. These factories have been operating under a zero tariff regime.
New US policies prompt aggressive lobbying by biggest players; Hanwha outpaces Hyundai in spending for first time South Korean conglomerates increased their spending on lobbying in the US last year, with Samsung leading the pack with nearly $7 million.
Korean firms like Samsung and LG are considering relocating manufacturing from Mexico to the U.S. due to proposed tariffs.