SEOUL (REUTERS) – Samsung Electronics mentioned on Tuesday (Dec 7) it would merge its cellular and shopper electronics divisions, because it focuses on rising its logic chip enterprise.
The sweeping transfer is the most recent signal of change on the world’s largest reminiscence chip and smartphone maker, after vice-chairman Jay Y. Lee was paroled in August from a bribery conviction.
The pinnacle of visible show enterprise, Mr Han Jong-hee, was promoted to vice-chairman and co-chief govt officer, and can lead the newly merged division spanning cellular and shopper electronics.
Mr Kyung Kye-hyun, CEO of Samsung Electro-Mechanics , was named co-CEO of Samsung Electronics and can lead the chip and parts division.
Samsung Group is specializing in areas resembling semiconductors, synthetic intelligence, robotics and biopharmaceuticals, and plans to take a position 240 trillion received (S$278 billion) in these fields within the subsequent three years.
Group flagship Samsung Electronics is aiming to overhaul TSMC to grow to be No. 1 in chip contract manufacturing by 2030.
