Lg Axes Solar Panel Business In Midst Of Rising Material Costs And Supply Contraints
“The decision comes as uncertainties in the global solar panel business continue to increase due to a variety of contributing factors, including the intensification of price competition and the rising cost of raw materials,” LG said. LG’s solar business panel business joins the company’s smartphone business in the graveyard, with the latter business being canned last April as it could not compete with other smartphone brands in the market. Prior to the smartphone business closing shop, it had recorded 23 consecutive quarters of loss....