Reported about 4 hours ago
Samsung Electronics has announced a major leadership reshuffle, appointing Jun Young-hyun as the new head of its memory chip business and co-CEO, while Han Jin-man will lead the foundry business. This strategic move comes as the company faces falling shares and increased competition in the AI chip market, following a significant profit decline. Chairman Jay Y. Lee acknowledged the unprecedented challenges ahead for Samsung, reflecting broader investor concerns.
Source: YAHOO