Samsung to Merge Mobile and Consumer Electronics Units will Appoint new CEOs
Han Jong-see, the current visual display business (primarily TVs) will be promoted as vice chairman and co-CEO. He will also lead the newly merged division. Analysts are withholding forecasts about what changes will Han bring. See Also: Samsung Launches Two Chipsets and the World’s First 5G Modem For Automobiles The chip and components division is also seeing changes at its helm. The CEO of Samsung Electro-Mechanics Kyung Kye-hyun will now become the co-CEO and will lead the chip and components division. Lee Jae-yun, an analyst at Yuanta Securities Korea, said, Samsung is aiming to surpass TSMC by 2030 and become the top chip manufacturer. Тhis would cost about $150 billion of investments, according to the company’s estimates, with the sum being primarily used for developing new foundries and facilities. Check Also: Samsung Electronics starts manufacturing TVs in Karachi
