Samsung announces new leadership to stay relevant in chip biz ...Middle East

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Seoul: Samsung Electronics announced its new leadership on Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field. Jun Young-hyun, vice chairman and head of the device solutions (DS) division, was named CEO and will also lead the memory business and Samsung Advanced Institute of Technology, the Korean company said in a statement. In a bid to bolster its technological competitiveness, the new CEO will directly manage the memory business unit. Since taking office as the DS division head in May, Jun has created a new high bandwidth memory (HBM) development team in just over a month and has vowed to regain leadership in th

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