-- Samsung Electronics (KRX:005930) plans to discontinue sales of some of its consumer electronics products in China amid strong competition with the firm's Chinese rivals, Reuters reported Thursday, citing a company statement.
While Samsung Electronics' memory chip business is benefiting from the AI boom, its TV, home appliances, and smartphone segments face strong competition, the report said.
The consumer electronics products maker said Monday that it had replaced the head of its TV business for the first time in over two years, according to the report.
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