Samsung major shake-up: phone and consumer electronics divisions merged

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Samsung is merging its phone and consumer electronics divisions

Samsung disclosed it will certainly combine the mobile and also customer electronic devices organizations right into one huge department and also will certainly assign brand-new co-CEOs. The objective is to streamline its framework and also concentrate on expanding the reasoning chip company, Reuters records.

Han Jong-see, the present aesthetic display screen company (mainly TVs) will certainly be advertised as vice chairman and also co-CEO, as well as likewise will certainly lead the freshly combined department. Experts are holding back projections concerning what modifications will certainly Han bring.

The chip and also parts department is likewise seeing modifications at its helm, with the CEO of Samsung Electro-Mechanics Kyung Kye-hyun coming to be co-CEO and also will certainly lead the chip and also parts department.

Lee Jae-yun, an expert at Yuanta Securities Korea, was priced quote that the reshuffle could assist Samsung manage problems it is having both on the planet of smart devices and also customer electronic devices. The larger issue, nevertheless, is the chip supply – increasing resources costs, logistics problems and also expanding competitors from China and also the United States.

Samsung is intending to go beyond TSMC by 2030 and also end up being the leading chip producer. his would certainly set you back concerning $150 billion of financial investments, according to the firm’s quotes, with the amount being mainly made use of for creating brand-new factories and also centers.

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