TECH - Samsung Appoints New Semiconductor Chief Amid 'Chip Crisis' And AI Boom | Benzinga
Samsung Electronics Co (OTC:SSNLF) has appointed a new head for its semiconductor division, aiming to address the “chip crisis” and compete in the AI chip market.
What Happened: Samsung has named Young Hyun Jun as the new chief of its semiconductor division, effective immediately, Reuters reported. Jun, who previously led the future business planning unit, is expected to help Samsung catch up with its competitors in the AI chip market.
Analysts believe that this move is a response to the increasing demand for high-end chips, particularly in the AI sector, where Samsung has been trailing behind companies like SK Hynix.
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