Samsung revamps appliance unit to shore up margins

Samsung Electronics has begun restructuring parts of its consumer electronics business, including dishwashers and microwave ovens, as it pivots toward profitability amid weakening demand and rising costs, industry sources said Wednesday. The move comes despite record first-quarter earnings driven by a semiconductor boom, underscoring a widening gap between its chip business and consumer divisions. Samsung’s device appliances division, which oversees home appliances, recently outlined a restructu

By The Korea Herald