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Samsung Electronics names new chief for semiconductor business as AI chip race heats up

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The reshuffle came as the firm aims “to strengthen its competitiveness amid an uncertain global business environment,” Samsung Electronics said in a…

The company said it seeks"to strengthen its competitiveness amid an uncertain global business environment."

Samsung is competing with SK Hynix to produce the most advanced memory chips in the market to ride the AI wave.Young Hyun Jun will replace Kyehyun Kyung, who will now head the future business division, which focuses on discovering new growth opportunities, as well as Samsung Advanced Institute of Technology.

Samsung is in intense competition with SK Hynix to produce the most advanced memory chips in the market to ride the AI wave. The memory chip market is currently dominated by Samsung, SK Hynix and"We expect the competition in high-bandwidth memory to intensify in 2025.

 

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