Thu. Jan 20th, 2022

Samsung has Together Its mobile business, the company The biggest money maker, A major restructuring with its consumer electronics division means “strengthening its business competition.” Also, to bring the departments together, the tech giant has replaced all its CEOs.

Jung-hee Han, head of its TV business, has been named vice-chairman and co-CEO of the newly merged mobile and consumer electronics division. Han will not relinquish his position as head of visual displays, though, and will instead lead both businesses. According to Reuters, Han has no experience with mobile, but Samsung credits him for playing a key role in the company in achieving the top spot in global TV sales over the last 15 years.

Meanwhile, Samsung President Kiyun Kyung has been appointed co-CEO and will now head its chips and components division. Kyung is a semiconductor design expert and accustomed to lead the company’s flash products and technology team. He is expected to “assist in the maintenance” of Samsung’s semiconductor leadership and at the same time enchant innovative concepts.

While mobile made the highest revenue (US $ 24.2 billion) for Samsung in the third quarter of 2021, its chip business is not far behind. Server DRAM and its semiconductor business earned .6 22.6 billion during the epidemic due to increased demand for computers in general. Samsung aims to be the No. 1 chip contract maker by the next decade and has poured hundreds of billions of dollars into the business. Just this November, it Announcement That it is building a $ 17 billion semiconductor factory in Texas to make high-end and advanced chips for smartphones, 5G and artificial intelligence.

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