Overview
- Samsung, which disclosed the move Wednesday, will stop selling televisions and home appliances in mainland China.
- The company said it will keep its phone, semiconductor, and medical equipment businesses operating in the country.
- Customer support will continue, with repairs and warranties honored under China’s consumer protection law.
- Manufacturing in China remains for export markets, with the Suzhou appliance factory and chip facilities in Xi’an staying online.
- The retrenchment follows a profit drop at its China sales unit to 168 billion won from 300 billion won and roughly 200 billion won in TV and appliance losses last year, after which Samsung replaced its TV chief.