SEOUL—Samsung Electronics Co., in a shock transfer, changed the heads of its three main enterprise models and merged the corporate’s cellular and shopper electronics companies right into a single unit.
The shake-up leaves two co-CEOs atop the world’s largest maker of smartphones, televisions and semiconductors. Samsung has formidable funding plans to compete towards Taiwan Semiconductor Manufacturing Co. on superior chipmaking, whereas striving to fend off Chinese language rivals with telephones and different devices.