• Latest
  • Trending
Samsung in leadership shake up

Samsung in leadership shake up

December 8, 2021
Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022
Fibre optic interconnection linking Cameroon and Congo now operational

Fibre optic interconnection linking Cameroon and Congo now operational

July 15, 2022
Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

July 15, 2022
Airtel Africa Purchases $42M Worth of Additional Spectrum

Airtel Africa Purchases $42M Worth of Additional Spectrum

July 15, 2022
Huawei steps up drive for Kenyan talent

Huawei steps up drive for Kenyan talent

July 15, 2022
TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

July 15, 2022
Facebook to allow up to five profiles tied to one account

Facebook to allow up to five profiles tied to one account

July 15, 2022
Top 10 apps built and managed in Ghana

Top 10 apps built and managed in Ghana

July 15, 2022
MTN Group to Host the 2nd Edition of the MoMo API Hackathon

MTN Group to Host the 2nd Edition of the MoMo API Hackathon

July 15, 2022
KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

July 15, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Sunday, 29 January, 2023
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Samsung in leadership shake up

by ITECHNEWS
December 8, 2021
in Tech
0 0
0
Samsung in leadership shake up

Three leaders replaced with new CEOs and Mobile and Consumer Electronics will merge

In a shock move, Samsung Electronics Co has replaced the heads of its three major business units. And if that wasn’t enough, the have also merged the company’s mobile and consumer electronics businesses into one entity.

YOU MAY ALSO LIKE

Instagram fined €405m over children’s data privacy

TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

The move is believed to be part of Samsung’s ambitions to challenge the might of Taiwan Semiconductor Manufacturing Co, Intel and their Chinese rivals, which was refelcted in recent announcements of significant investment in Biotech and last month, revealing a new $17 billion chip making factory in Texas. Samsung are the world’s largest maker of smartphones, televisions and semiconductors already, benefiting from extra pricing strength due to the global chip shortage.  The South Korean giant recorded a quarterly revenue of 73.98 trillion won, ($62.7 billion), with the mobile and consumer electronics visions accounting for just a quarter of that total.

Why the change at the top?

Having kept the same structure with their three CEO’s since 2017 and having a multiple CEO structure since 2013, the new changes bring in Kyung Kye-hyun, 58, who will be tasked with the company’s components business. Han Jong-hee, 59, a veteran of Samsung’s TV business, will run the combined mobile and consumer-electronics unit. Former CEO of Samsung’s components business, Kim Ki-nam, is set to become chairman of Samsung Advanced Institute of Technology, a research-and-development hub.

Samsung have said the new CEOs are part of the next phase of growth and strengthen business competitiveness, with the merging of the mobile and consumer-electronics units a sign of how the company’s profits have shifted from flat-screen TVs in the early 2000s to, smartphones as the financial driver of the 2010s and now a big focus on semiconductors to power Samsung’s future growth.

Samsung SDS

Another division of the South Korean conglomerate is Samsung SDS, where AI and machine learning are powering incredibly impactful applications of the technology around the world, including healthcare and the radiology field.

To read Samsung SDS’s latest digital report, produced in partnership with BizClikMedia, see Saving Live With AI right.

By Technology Magazine

ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022

Recent News

  • Inaugural AfCFTA Conference on Women and Youth in Trade September 6, 2022
  • Instagram fined €405m over children’s data privacy September 6, 2022
  • 5.7bn data entries found exposed on Chinese VPN August 18, 2022
  • Fibre optic interconnection linking Cameroon and Congo now operational July 15, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version