Samsung Electronics on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix and Taiwan’s TSMC in the booming AI chip market.
Samsung named Jun Young-hyun as its co-CEO as well as head of its memory chip business and appointed Han Jin-man as company president and head of the foundry business. Samsung’s share price has steadily fallen since August on investor concern that it is lagging rivals in supplying high-end chips to leading AI chip designer Nvidia.
Last month Samsung apologised for a 40 per cent on-quarter profit plunge at the division and said AI chip business with a “major” customer had suffered a delay.
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