Phoenix network science and technology news on December 7, Beijing time, Samsung Electronics announced today that the company will merge mobile and consumer electronics departments. For now, Samsung is focusing on its growing logic chip business.
Samsung said it promoted Han Jong-hee, the head of its visual display business, to vice chairman and co-CHIEF executive to lead a new division combining its mobile and consumer electronics businesses. Kyung Kyehyun, the chief executive of Samsung Electric, was promoted to co-CEO to lead the chip and components division.
Samsung is focusing on semiconductors, artificial intelligence, robotics and biopharmaceuticals, and plans to invest 240 trillion won ($206 billion) in these areas over the next three years. Samsung Electronics, the flagship subsidiary of Samsung Group, aims to overtake TSMC to become the world's largest contract chipmaker by 2030. (Author/Xiao Yu)
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