Friday, 19 June, 2026
Tech Titan Retools: Samsung Bets on AI to Rescue Slumping Unit
By TechShots Studio
Facing high component costs and fierce Chinese competition, Samsung Electronics is overhauling its consumer products division. The tech giant is exiting low-margin markets—including home appliances in mainland China—to pivot toward software and recurring revenue. To cut costs and boost efficiency, Samsung plans to transition its manufacturing footprint into fully optimized, "AI-driven factories" by 2030.
Read full story at CIO ECONOMIC TIMES