NEED TO ENHANCE COMMUNICATION “The improvement in the second-quarter earnings was largely owed to the recovery in the overall chip market, not by the recovery of our competitiveness,” said Jun.“Without the restoration of fundamental competitiveness, we will be trapped again in a vicious cycle of repeating last year’s (poor performance).”As part of rebuilding the competitiveness of Samsung’s chip business, the chief suggested enhancing communication among departments and team members, facilitating open discussion inside the organization, opening up problems, as well as making decisions and executing them based on data.“We have to remove communication barriers to facilitate communication among leaders and teams,” said Jun.
It is urgent to restore Samsung Electronics Co.'s competitiveness in the semiconductor business, the chip division’s new head said in his first official message to the employees since his inauguration in May.“The DS (Device Solutions) division is faced with an urgent task of restoring its fundamental competitiveness,” Samsung Vice Chairman Jun Young-hyun in charge of the DS division wrote in an internal message to the employees on Thursday.
Since he took the helm of the chip business with a vow to overtake crosstown rival SK Hynix Inc., Samsung launched dedicated high-bandwidth memory (HBM) and advanced chip packaging teams in early July.
The story "Samsung’s new chip leader calls for restoring competitiveness " has 494 words across 22 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Samsung’s new chip leader calls for restoring competitiveness " was covered 2 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 12 news stories per day.
It's most recent story was published 4 minutes ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.