Samsung shuffles top-level chip business executives amid slowdown

Samsung has reportedly reshuffled top-level executives at its memory and foundry business arms. The chip industry is going through its worst phase right now, and Samsung’s memory division posted a loss for the first time in its history in Q1 2023. So, it is essential to notice how the company will tackle this issue.

According to TheElec, Samsung’s Device Solutions division has started reshuffling its top-level executives. Samsung Foundry’s new CTO (Chief Technology Officer) is Gitae Jeong, previously the head of the company’s development. The new head of development will be Jahun Koo.

In the Memory business, the new head of development of the DRAM segment is Hwang Sang-jun. He previously headed strategic marketing for the company. You Chang-shik, Oh Tae-young, and Yun Ha-ryong have been named the new heads of advanced development, design, and strategic marketing. respectively.

Samsung reshuffled its top-level management in the middle of the year, which is unusual for the company. This hints at the company’s ongoing difficulties. The South Korean firm is falling behind TSMC in the foundry business. In the memory segment, the company is facing tough competition from Micron.