SEOUL (Reuters) - Samsung Electronics said on Wednesday it has named Jun Young-hyun as the new head of its memory chip business and Co-CEO of the company, while Han Jin-man will become the head of the foundry business with a promotion as president.

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. The South Korean g

Samsung Electronics (Samsung) has implemented a significant personnel adjustment within its Device Solutions (DS) division to regain competitiveness in the semiconductor sector. This includes appointing the head of the foundry business unit and having the DS department head personally lead the memory business.