Samsung leans on AI, cost cutting to revive consumer business

Samsung Electronics 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.

The meetings ran on Tuesday and Wednesday at Samsung's Suwon, Gyeonggi Province, campus under co-CEO Roh Tae-moon, who heads the Device eXperience division that includes the smartphone and TV business, working through the mobile, visual ...