Samsung today announced the annual executive reshuffle and confirmed to promote Jay Y Lee (Lee Jae-yong) as the Vice Chairman of Samsung Electronics. 44-year old Jay Y Lee (right) is Samsung Electronics Chairman Lee Kun-hee’s son and currently holds the position of Chief Operating Officer (COO) and President at Samsung Electronics. Samsung says the […]
management
Samsung Electronics spin-off Samsung Display to commence operations
Last month Samsung Electronics got the approval from the shareholders to spin-off its display business under the name Samsung Display. Well as per plans, the Samsung Display Co. will be operational from tomorrow where Park Dong-gun will head the company as CEO and senior vice president. The company has over 20,000 employees worldwide, five […]
Samsung hires former TSMC R&D Chief as R&D Vice President
Samsung Electronics confirmed that they’ve appointed the former research chief of Taiwan Semiconductor Manufacturing Company (TSMC), Liang Mong-song as their Vice President for Research & Development. TSMC is the world’s largest semiconductor foundry and uses a 28nm process, superior to Samsung. The appointment of Liang will be crucial for Samsung’s semiconductor and foundry business […]
Samsung combines semiconductor and LCD business into one
Samsung today confirmed that their semiconductor and display business will be merged after they were separated in 2004. The move comes as the display division is facing losses and the merging of two different component business will help display division to offset their losses with burgeoning chip business. This has expectedly given way to […]
Samsung enters in a joint venture with another healthcare company
Samsung continues its expansion in the healthcare business by entering into a joint venture with US-based Quintiles Transnational Corp. Samsung will invest 300 billion won or US$266 million and will setup a plant in Songdo district of Incheon, near Seoul to produce biopharmaceutical drugs for cancer and arthritis. Samsung Electronics and Samsung Everland will […]