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Samsung Adjustments Come as Development in Chips and Smartphones Faces Challenges

Samsung Adjustments Come as Development in Chips and Smartphones Faces Challenges

SEOUL—Visiting a semiconductor facility in early January, Samsung’s de facto chief Lee Jae-yong gave a pep speak for the yr—and made a plea for the South Korean tech big that he nervous had grown stagnant.

“We should always emerge as a brand new Samsung,” stated Mr. Lee, the 53-year-old grandson of Samsung’s founder. “Collectively, we are able to open a brand new future.”

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