Reported about 7 hours ago
Samsung Electronics has elevated its chip division head, Jun Young-hyun, to co-CEO just six months into his role, demonstrating the company's commitment to compete with SK Hynix in the AI sector. Jun will oversee the daily operations of the semiconductor division and the memory segment, as Samsung confronts challenges in regaining market position in high-bandwidth memory chips, especially crucial for AI applications. The company is also adjusting its workforce and financial strategies to navigate tough competition and market conditions.
Source: YAHOO