Samsung Electronics has appointed Jun Young-hyun as co-CEO and head of the memory chip division, and Han Jin-man as president and head of the foundry business, in response to intense competition in the semiconductor industry. Nam Seok Woo has also been named as the chief technology officer of the foundry business in a new position.
The South Korean tech giant appointed Jun Young-hyun as co-CEO and head of the memory chip arm, while Han Jin-man will become the president and head of the company's foundry business .
Samsung Electronics on Wednesday announced changes in the leadership of its memory and foundry chip divisions, as the company faces intense competition in the semiconductor space.The South Korean tech giant appointed Jun Young-hyun as co-CEO and head of the memory chip arm, while Han Jin-man will become the president and head of the company's foundry business.
The company also appointed Nam Seok Woo, previously head of chip factory engineering and operations, as the chief technology officer of the foundry business in a newly established position.Samsung shares fell 3%. The company's stock has been on a steady decline amid investors worries that Samsung was falling behind competitors such as SK Hynix in building advanced chips.in the memory chip sector, and appeared well-positioned to take advantage of the boom in artificial intelligence.
"Samsung aims to strengthen its memory business division under the direct control of the head of the Device Solutions division, appointing the head of DS division as a CEO," Citi analysts said, adding the the firm could"overcome business uncertainty" through Jun's leadership.We're making another trim of a stock under pressure to protect hard-fought profits
Samsung Electronics Leadership Changes Memory Chip Division Foundry Business Semiconductor Industry
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