South Korea’s Samsung Electronics, one of the world’s largest electronics and semiconductor manufacturers, is reorganizing its corporate structure. The new company structure will come into effect early next year, with the biggest change being the consolidation of televisions, home electronics and mobile phone companies.
The reorganization announced by the company on December 7 will also affect management. To date, the company is managed by three CEOs, and the two companies will be concentrated in the hands of two people in the new structure.
Kyehyun Kyung will answer Device solutions-Any component business that develops and manufactures semiconductors, including memory chips. Kyung was previously the team leader in semiconductor and bio-memory component development, and the company expects the company to maintain its dynamic growth position in recent years and take the lead from TSMC as a contract manufacturer. Samsung made $13.4 billion in semiconductor profit last quarter, and announced in August that it would spend $206 billion to continue developing the business and also building a position in biopharmaceuticals, artificial intelligence and robotics.
It brings together mobile, television and home electronics companies SET . section It will be led by Jung Hee Han, who has also been appointed Vice President of the company. JH Han Company Announcement According to his experience, Samsung has played a major role in making Samsung the world’s leading TV manufacturer for 15 years. In addition to his new position, JH Han will continue to be the head of the show business.
This is the first change in the South Korean company’s organization since 2017, presumably because the decision is due to high demand for semiconductors and falling profits in the mobile division. Although Samsung leads the way in sales, the growth of the mobile phone business, which also develops and manufactures Galaxy smartphones, has slowed steadily in recent years, while profits from phone sales have begun to decline compared to the group’s other revenue sources. the HWSW According to the data, mobile phone sales accounted for 70 percent of Samsung’s total revenue in 2010, up from just 21 percent in the last quarter.
LG, Samsung’s biggest competitor in Korea, also announced a reorganization of the company’s management in early December, as we wrote in this article.
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