LG may ditch plan for rollable smartphone

New Delhi: LG Electronics, a South Korean tech firm, may scrap a plan to develop a smartphone with a rollable display, industry observers here said Monday, amid growing speculation that the South Korean tech giant will ditch its money-losing mobile business.

LG reportedly told its parts suppliers, including Chinese display maker BOE, to put the rollable smartphone development project on hold, according to industry sources. The parts makers may request compensation from LG in the future for their development efforts, they added.

A LG official said nothing can be confirmed at this point regarding the company’s plan for a rollable smartphone.