Telegram Restored on Apple App Store After Temporary Removal 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Novo Nordisk Eyes Turnaround as Oral Wegovy Challenges Eli Lilly in Weight-Loss Drug Race 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
BHP Port Hedland Strike Set to Proceed as Wage Talks Continue 
U.S., Iran, Oman Near Interim Deal to Reopen Strait of Hormuz Amid Ceasefire Efforts 
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales 
Asian Stocks Rally as AI Optimism Lifts Tech Shares Across Regional Markets 
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch 
European Stocks Near Record Highs as Earnings Strength Offsets Geopolitical Concerns 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
Gold Price Holds Steady as Fed Rate Outlook and Jobs Data Keep Markets on Edge 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Apple Restores Telegram to App Store After Content Policy Violation 
Samsung Electronics Co. is giving it's home appliance unit a makeover by upgrading its research and development (R&D) team. The company recently separated its home appliance R&D division and created five teams out of it.
Samsung Electronics divided it into these categories: clothing care, cooking device, vacuum cleaner, refrigerator, and dishwashers to better manage each of them. Moreover, the consumer electronics retail giant’s software development team was also divided into five divisions as well.
According to Pulse News, the company also appointed six senior executives to help make the collaboration of the home appliance business in R&D projects easier and better. The execs were brought in from Samsung’s TV and smartphone business divisions earlier this month.
Samsung Electronics R&D center called Samsung Research, formed a new team to research about next-generation technology for home appliances. Business observers see the latest organizational revamp as the company’s effort to turn around its declining revenues in the home appliance unit as the demand slows worldwide.
Moreover, Business Korea reported that analysts said Samsung Electronics has totally reworked its home appliance unit after it showed a KRW318 billion loss in the fourth quarter of 2022. It now hopes that its reorganization will help the company gain strong sales and demand again.
LG Electronics, another Korean consumer electronics firm, is also finding ways to offset the slowdown in the home appliance industry. But unlike Samsung, LG is placing a big bet on the electric vehicle business for sales growth. Stock market analysts predicted that Samsung and LG Electronics would go into a deficit tunnel in both TV and home appliance businesses in the first half of this year.
Meanwhile, Samsung Electronics just launched its energy-efficient air conditioner. This is the company’s latest creation under its Bespoke luxury home appliance brand. Aside from this, it also unveiled a new Bespoke Cube air purifier last week, and more products are coming up under its home appliance business.
Photo by: Babak Habibi/ Unsplash
