Samsung shares fell 3 percent following the announcement. Samsung is having trouble keeping up with SK Hynix and other companies, especially in the race to supply chips to artificial intelligence giant Nvidia.
In addition to Zhong’s appointment, Nam Seok-woo, former head of the chip factory’s engineering department, will assume the new position of chief technology officer of the foundry business.
Despite the change in leadership, analysts remain cautious, noting that Samsung’s strategy aims to maintain stability rather than a major restructuring.
Source: Ferra
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