In brief: Samsung appear the names of ii new CEOs this calendar week as function of a restructuring of its businesses. The Due south Korean company dissever into two divisions headed past i CEO each: consumer electronics and components.

The newly assembled SET Division will handle Samsung's products like smartphones, televisions, and other devices. Its new leader is Jong-Hee Han who was promoted to vice chairman and CEO. Upwards until at present, Han led Samsung'southward visual brandish business, which the reshuffle will contain into Fix.

The Device Solutions (DS) Sectionalisation will cover Samsung's component sector, which handles semiconductors, with Kyehyun Kyung as its new CEO. Kyung was previously CEO of Samsung Electro-Mechanics, leader of its Flash Production & Technology Team, and a part of its DRAM Design Squad.

The shakeup marks Samsung'due south biggest reorganization since 2022 when it dissever into brandish, consumer electronics, and mobile divisions. That happened in the shadow of Samsung heir-apparent Lee Jae-yong's arrest and imprisonment on blackmail and corruption charges.

This week's announcement notes changes in leadership in the visitor'due south other areas every bit well. The North American function will split into Fix and DS divisions, led by presidents Thou.S. Choi and Inyup Kang, respectively.

This calendar week the Elec reported that Samsung believes the worldwide semiconductor shortage volition go on through the get-go half of 2022 based on information from insiders. In a November meeting, the visitor noted that the supply of sure kinds of chips would be tight until the 2nd half of side by side year. Foundry production capacity and service prices may as well be an issue.