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Samsung Leadership Shakeup May Affect 3 Key Executives: Report

by | Nov 26, 2024 | News

It’s no secret that Samsung has been facing major challenges lately, particularly within its semiconductor business, which has contributed to a sharp decline in its stock price. In response, Samsung is reportedly expected to announce key executive changes in its memory, foundry, and system LSI divisions, which all may have played a role in the downturn. The announcement is expected on Wednesday, according to the report.

Samsung reportedly plans to regain momentum at the cost of 3 key executives

What’s happening behind the curtains at Samsung Foundry is the industry’s worst-kept secret. Samsung had big plans to launch its 3nm chip, potentially debuting with the Galaxy S25 series in select markets. However, those plans have fallen flat. New reports now suggest the company might also be forced to hold off on 2nm chip manufacturing as the crisis deepens. If that weren’t enough, reports also point to fierce competition from Chinese companies tightening the screws on Samsung’s position.

The company wants to regain momentum when it comes to the semiconductor business, which has probably steeped its lowest in recent months. As the world’s second-largest foundry, Samsung understands that securing its future in semiconductors is critical, especially with the growing importance of AI, which heavily relies on advanced chips.

Samsung Factory 4

Who’s to be affected, and what big names does the report point towards?

This has sparked speculation about potential moves involving key Samsung executives, including Samsung Electro-Mechanics CEO Jang Deok-hyun, Nam Seok-woo, who oversees manufacturing and technology, and Song Jae-hyuk, CTO of the Semiconductor Research Institute. However, these names are still unconfirmed, and it’s all based on speculation, so take it with a grain of salt.

Additionally, Samsung is set to maintain its two-top leadership structure, with Han Jong-hee, head of the Device Experience (DX) division, and Jeon Young-hyun, head of the DS division. There could also be changes within the business support task force led by Vice Chairman Jung Hyun-ho. That said, some believe a major reshuffle might be off the table, given the ongoing legal troubles surrounding

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