Samsung Elec replaces memory and foundry business heads in sweeping reshuffle

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SEOUL : Samsung Electronics said on Wednesday it has named Jun Young-hyun as the new head of its memory chip business and Co-CEO of the company, while Han Jin-man will become the head of the foundry business with a promotion as president.

The major reshuffle of its top rank comes as shares of the tech giant have steadily fallen since August on investor concerns that it keeps lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

FILE PHOTO: The logo of Samsung Electronics is seen at its booth during The 26th Semiconductor Exhibition 2024 in Seoul, South Korea, October 23, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Business 2024 Experience Foundry Electronics Named Chip Mediacorp Seoul Samsung Head

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 08:29:03 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 7 lines

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Copyright Owner: © Channel News Asia

News ID: 23899423

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