Samsung Electronics has replaced its memory and foundry business heads in a major reshuffle as the company’s shares drop due to lagging behind in making AI chips.

SEOUL : 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 also named Nam Seok-woo who has been head of chip factory e

SEOUL :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 giant's shares fell 2 per cent at market open as the sweeping reshuffle of top brass did little to calm c