Samsung has decided to halt the production of its newest flagship Galaxy Note 7 smartphone. The South Korean electronics giant announced on Tuesday that it has permanently suspended production of the Galaxy Note 7. 

"Although the company controlled supply of the Galaxy Note 7 in an effort to strengthen quality and to further probe into the problems of the Galaxy Note 7, the company officially decided to halt the production of the model after the halt of the sales," Samsung said in a statement.

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Samsung also asked Galaxy Note 7 users to immediately stop using the device because of "continued safety concerns."

"Consumers with either an original Galaxy Note 7 or replacement Galaxy Note 7 device should power down and stop using the device and take advantage of the remedies available," it said. 

The Seoul-based smartphone maker stated that it is working with regulatory authorizes of several countries, including China, South Korea, and the United States, to look into the cases related to units of the Galaxy Note 7 exploding and catching fire. 

Samsung, which launched the Galaxy Note 7 in August, decided to recall 2.5 million units of the smartphone in September amid reports that some of the handsets caught fire while charging. Initially, the company downplayed the firing incidents, blaming it on a "rare technical error" with the device's battery and announced a replacement program. However, the was company forced to suspend the production of the Galaxy Note 7 after reports that some of the replacement units have also caught fire like the original models.