Samsung gets new CEO, also tipping $1.9b into new chip line

In a surprise announcement, Samsung has replaced its current CEO Choi Gee-sung with Vice-chairman and components chief Kwon Oh-hyun. According to Reuters, Gee-sung has been shuffled into a new role focusing on ‘future growth engines’ at Samsung’s Group Corporate Strategy Office, while Oh-hyun will now also be in charge of ‘corporate-wide affairs.’ The timing is somewhat unusual given that Choi Gee-sung was only recently in the US representing Samsung for the failed mediation talks with Apple CEO Tim Cook in relation to its ongoing legal battle with Apple.
Perhaps trying to deflect the attention away from its leadership reshuffle, the South Korean technology giant also announced that it will ... »read more

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