South Korean tech giant Samsung Electronics said on Wednesday it would end sales of all home appliance products in mainland China, retreating further from a consumer market increasingly dominated by domestic rivals as the group doubles down on its far more profitable semiconductor business. Samsung’s home appliance portfolio in China includes televisions, monitors, air conditioners, refrigerators,...
South Korean tech giant Samsung Electronics said on Wednesday it would end sales of all home appliance products in mainland China, retreating further from a consumer market increasingly dominated by domestic rivals as the group doubles down on its far more profitable semiconductor business. Samsung’s home appliance portfolio in China includes televisions, monitors, air conditioners, refrigerators, washing machines, dryers, vacuum cleaners and air purifiers. In a notice published on its official...