baccarathotel&residences| Samsung Electronics appointed memory chip veteran as head of DS business unit in the middle of the year

[TechWeb] May 21, according to foreign media reports, Samsung Electronics, which usually makes large-scale changes to its executives at the end of the year, unexpectedly changed the head of the device Solutions (DS) department in charge of semiconductor business today, and Jun Young Hyun replaced Kyung Kyehyun, who took over at the end of 2021.

Samsung Electronics has announced on its website the appointment of Chun Yongxian as the new head of the device solutions department.Baccarathotel&residencesHe leads semiconductor businesses, including memory chips and foundry, to enhance their competitiveness in an uncertain global business environment.

Like many previous heads of Samsung's device solutions division who are veterans of memory chips, the newly appointed Chun Yong-hyun has worked in the field of memory chips for many years. He joined Samsung Electronics in 2020, engaged in research and development and strategic marketing of DRAM and flash memory, became head of the storage business in 2014, and became CEO of Samsung SDI, which is in charge of battery business in 2017. Before this adjustment, he was in charge of Samsung Electronics' future business unit.

Samsung Electronics also disclosed on its website that Qing Guixian, who has been in charge of the device solutions department since the end of 2021, will become the head of the future business unit and lead the Samsung Comprehensive Research Institute, expecting him to rely on his experience in leading the semiconductor business. focus on finding new growth opportunities.

Executive adjustments at Samsung Electronics, which usually take place at the end of the year, are not common in the middle of the year. It was at the end of 2021 that Qing Guixian was appointed President and CEO and led the equipment Solutions Department. He was also appointed by Han Zongxi, vice president and CEO, who led the SET division, which was merged by consumer electronics and mobile businesses, which was later renamed the device experience division.

The heads of Samsung Electronics's previous departments, such as equipment solutions, were replaced together with the heads of major business units. In the high-level adjustment in November 2017, Kim Chi-nam succeeded Kwon Wu-hyun as head of the equipment solutions department.Baccarathotel&residencesGao Dongzhen succeeded Shen Zongjun as head of the mobile communications and IT department, while Jin Xuanshi succeeded Yin Fugen as head of the consumer electronics department. In the adjustment at the end of 2021, Jin Qinan, Gao Dongzhen and Jin Xuanshi stepped down together as the heads of the three major business units, handing over the stick to Han Zongxi and Qing Guixian.

Samsung Electronics rarely changed the head of the device solutions department in the middle of the year, which is likely to be related to poor market demand and declining performance since the second half of 2022.

The device solutions department is the main source of profit for Samsung Electronics, but affected by the decline in demand for memory chips in consumer electronics, the revenue and operating profit of this business unit have declined significantly since the next year in 2022. In the four quarters of last year, there were operating losses in a row, with an operating loss of as high as 14.Baccarathotel&residences.88 trillion won, up from 23 in 2022Baccarathotel&residencesOperating profit of .82 trillion won.

In the first quarter of this year, although the revenue and operating profit of Samsung's device solutions division increased compared with the same period last year, the revenue of 23.14 trillion won and the operating profit of 1.91 trillion won are still significantly lower than those of 26.87 trillion won and 8.45 trillion won in the first quarter of 2022, especially the operating profit. (sea blue)