Samsung Electronics Appoints New Chip Business Heads & CFO

Samsung Electronics announced a significant leadership reshuffle on Wednesday, appointing new heads for its memory and foundry chip divisions as it intensifies efforts to compete with rivals like SK Hynix and Taiwan’s TSMC in the rapidly expanding AI chip market.

Jun Young-hyun has been named co-CEO and head of Samsung’s memory chip business, while Han Jin-man has been appointed president and head of the foundry division. Additionally, President and CFO Park Hark-kyu will transition to the Business Support Task Force, reporting to a key deputy of Chairman Jay Y. Lee. Samsung has yet to name a replacement for its CFO.