Samsung Electronics changes chip chiefs after Chairman Lee confronts 'crisis'

Quick Summary:

SEOUL :Samsung Electronics sought to inject impetus into its memory and foundry chip units by appointing new leaders on Wednesday, as it scrambles to catch SK Hynix and Taiwan's TSMC in the booming AI chip market.

The extra responsibility indicates "Samsung is backing Jun's strategy to regain its competitiveness," said KB Securities' head of research Jeff Kim.

Lee, as head of its Business Support Task Force and appointed a former CFO as Chung's deputy.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth KoreaTaiwan

Topics: Head 2024 Chief Foundry Semiconductor Chung Chip Samsung Business Memory Made

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 08:29:03 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23902709

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