Samsung Elec replaces memory and foundry business heads in sweeping reshuffle

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The story "Samsung Elec replaces memory and foundry business heads in sweeping reshuffle" was covered 7 hours ago by Channel News Asia, a news publisher based in Singapore.

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Samsung Elec replaces memory and foundry business heads in sweeping reshuffle - Channel News Asia

Quick Summary:

SEOUL :Samsung Electronics on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix and Taiwan's TSMC in the booming AI chip market.

President and CFO Park Hark-kyu moves to the Business Support Task Force led by a second-in-command to Chairman Jay Y.Lee.

"I am fully aware that there are grave concerns about the future of Samsung recently," Lee said during the final hearing of an accounting fraud trial where he is a defendant.