LG just announced the South Korean tech giant will close its mobile business unit, which was approved by its boar of directors (BoD). In their official announcement, LG made the decision to exit the smartphone business because it’s been an “incredibly competitive mobile phone sector” and that it “will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well…