Samsung Electronics made some changes in its leadership in an attempt to become more competitive in the AI chip market. The company announced that it promoted Semiconductor chief Jun Young-hyun to co-CEO to better manage the memory chip business.
Han Jin-man, the head of the US chip business, was promoted to head of the foundry business.
The reshuffle saw Samsung’s stock price slide 3.4% as the changes are unlikely to “calm concern” about how the company will navigate risk associated with the protectionist policies of US President-elect Donald Trump, reported Reuters.
Jong-Hee (JH) Han, Vice Chairman, CEO and Head of Device eXperience (DX) Division at Samsung Electronics
The Business Support Task Force kept its leader, Chung Hyun-ho, and some analysts argued that changes need to be made among the biggest decision-makers, such as Chung, who is also second-in-command to Chairman Jay Y. Lee. President and CFO Park Hark-kyu join the team, as Samsung is yet to name a new person for the top financial position.
Source | Via
