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Samsung merges mobile and consumer divisions

Major restructuring at Samsung. The Korean company is henceforth merging its mobile and consumer divisions and appointing new CEOs in all business units.

Samsung with major restructuring

The mobile division is the most important division of the technology group from South Korea. It will henceforth be merged internally with the consumer electronics division in order to improve competitiveness, according to the company. In addition to merging the two divisions, Samsung has also replaced all of its appointed CEOs.

As Samsung revealed in a press release, the two divisions will be merged into a newly created set division. This will include two new CEOs for the Device Solutions division, which covers the semiconductor business, and the Set division, which will henceforth combine cell phones, televisions and consumer electronics.

Jong-Hee (JH) Han will head the new Set Division in the future, while Kyehyun Kyung (previously CEO of Samsung Electro-Mechanics) will take charge of Device Solutions. Han has previously served the company as an expert in TV research and development.

Semiconductor business on the upswing

Samsung generated the largest revenue in the third quarter of 2021 from its mobile division, led by Galaxy smartphones and the new Galaxy Z Flip3 and Galaxy Z Fold3 foldables. Approximately $24.2 billion is said to have been generated with these between July 2021 and September 2021.

However, the semiconductor business is no longer far behind and is becoming increasingly important for Samsung. Around 22.6 billion US dollars were generated with it in the same period. Under the new management of Kyehyun Kyung, the division is to grow further in the future. Within the next ten years, Samsung wants to become the number 1 among the global chip contract manufacturers.

As recently as November 2021, Samsung announced plans to build a roughly US$17 billion semiconductor factory in Texas to manufacture chips for smartphones, 5G and artificial intelligence. Construction is expected to start early next year.

Simon Lüthje

I am co-founder of this blog and am very interested in everything that has to do with technology, but I also like to play games. I was born in Hamburg, but now I live in Bad Segeberg.

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Major restructuring at Samsung. The Korean company is henceforth merging its mobile and consumer divisions and appointing new CEOs in all business units. Samsung with major restructuring The mobile division is the most important division of the technology group from South Korea. It will henceforth be merged internally with the consumer electronics division in order … (Weiterlesen...)

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