Samsung turns to AI and cost cuts to revive consumer business
Seoul [South Korea], June 18 (ANI): Samsung Electronics is leaning on artificial intelligence and aggressive cost-cutting measures to revive its consumer products business, retreating from low-margin markets while expanding AI across its products and manufacturing processes.
The tech giant used its twice-yearly strategy meetings this week to map out a turnaround for its consumer products business, betting on artificial intelligence and a retreat from low-margin markets to revive a division dwarfed by its booming chip operation.
