TNB Tech Minute: Samsung Ends TV and Home Appliance Sales in China

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Imani Moise· Host0:14

[upbeat music] Here's your morning TNB Tech Minute for Thursday, May 7th. I'm Imani Moisse for The Wall Street Journal. Samsung is discontinuing sales of televisions and home appliances in China, shrinking its footprint in one of the world's largest consumer markets due to fierce competition from domestic brands. The South Korean electronics maker said it will continue to sell computer chips and smartphones in China. As AI demand has led to a record profit in Samsung's chip division, its other business lines have struggled. Samsung's TV and home appliance division reported an operating loss of about one hundred and thirty-eight million dollars last year, and its market share in China's consumer electronics sector has significantly declined. Swiss pharmaceutical group Roche Holding has agreed to buy PathAI for up to one point zero five billion dollars in a deal that seeks to expand the AI offerings of its diagnostics division. The company said the acquisition builds on a partnership formed in twenty-twenty-one and will bring in-house an AI platform that aims to facilitate diagnostic workflows and help accelerate clinical therapy development. Roche will pay seven hundred and fifty million dollars up front with up to three hundred million dollars in additional payments subject to targets. The deal is expected to close later this year.