News roundup: LG closes phone business, Google wins Oracle lawsuit, new UK tech regulator, and more

A roundup of this week’s technology news, including LG’s plans to close down its phone business, Google’s win in a longstanding lawsuit with Oracle, and the launch of a new tech regulator in the UK.

IDGConnect_closedown_shutdown_business_shutterstock_1839575923_1200x800
Shutterstock

LG shutters mobile phone business

LG has confirmed the closure of its mobile phone business as it fails to compete with the likes of Apple, Samsung, Google, and Huawei.

The South Korean tech giant said the closure of its smartphone unit would be finished by July 31st and that its board of directors had approved the move on Monday.

Once upon a time, LG was among the top five smartphone makers. But over the last six years, the firm has been hit by $4.5 billion of losses.

To continue reading this article register now