Samsung Electronics Decides to Exit China's Home Appliance Market, Continues to Sell Phones and Chips
South Korean Samsung Electronics announced today its decision to withdraw from China's consumer electronics market due to intensifying competition and increased US tariffs, after its home appliance division suffered a $138 million loss last year. However, businesses like mobile phones, tablets, medical devices, and semiconductors will continue to operate.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 05:56
- 🔍 Collected: May 7, 2026 at 06:31 (35 min after Published)
- 🤖 AI Analyzed: May 7, 2026 at 06:32 (1 min after Collected)
Central News Agency
(Central News Agency, Seoul, May 6th, comprehensive foreign news report) South Korean Samsung Electronics (Samsung Electronics) today announced its decision to withdraw from China's consumer electronics market due to intensifying competition.
According to reports from Reuters and Yonhap News Agency, Samsung Electronics will withdraw its home appliance products such as televisions, displays, refrigerators, washing machines, and air conditioners from the Chinese market. However, its businesses including mobile phones, tablets, medical devices, and semiconductors will continue to operate.
Although Samsung Electronics' memory chip profits have surged due to the rapid development of artificial intelligence (AI), its home appliance division faces fierce competition from Chinese rivals in mainland China and other regions. Furthermore, under increased US tariffs, Samsung's home appliance division incurred a loss of approximately 138 million US dollars last year.
Samsung Electronics stated in a statement: "We will do our utmost to minimize the impact on customers and are reviewing various support measures for business partners." (Translator: Ji Jin-ling) 1150507
Choose to stand with facts, every sponsorship of yours is the power to protect press freedom.
Download Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, broadcasted, publicly transmitted, or utilized without authorization.
(Central News Agency, Seoul, May 6th, comprehensive foreign news report) South Korean Samsung Electronics (Samsung Electronics) today announced its decision to withdraw from China's consumer electronics market due to intensifying competition.
According to reports from Reuters and Yonhap News Agency, Samsung Electronics will withdraw its home appliance products such as televisions, displays, refrigerators, washing machines, and air conditioners from the Chinese market. However, its businesses including mobile phones, tablets, medical devices, and semiconductors will continue to operate.
Although Samsung Electronics' memory chip profits have surged due to the rapid development of artificial intelligence (AI), its home appliance division faces fierce competition from Chinese rivals in mainland China and other regions. Furthermore, under increased US tariffs, Samsung's home appliance division incurred a loss of approximately 138 million US dollars last year.
Samsung Electronics stated in a statement: "We will do our utmost to minimize the impact on customers and are reviewing various support measures for business partners." (Translator: Ji Jin-ling) 1150507
Choose to stand with facts, every sponsorship of yours is the power to protect press freedom.
Download Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, broadcasted, publicly transmitted, or utilized without authorization.