Samsung Electronics Picks Veteran Executive to Tackle 'Chip Crisis' amid AI Boom

A Samsung sign is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. (Reuters)
A Samsung sign is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. (Reuters)
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Samsung Electronics Picks Veteran Executive to Tackle 'Chip Crisis' amid AI Boom

A Samsung sign is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. (Reuters)
A Samsung sign is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. (Reuters)

Samsung Electronics has replaced the chief of its semiconductor division to help the group overcome a "chip crisis", amid a booming market for AI chips where analyst say the world's biggest memory chipmaker lags peers.

The South Korean manufacturer on Tuesday said it has appointed Young Hyun Jun, effective immediately, moving him from the role as head of its future business planning unit.

Jun previously led Samsung's memory chip department after working on the development of DRAM and flash memory chips.

The move is likely aimed at catching up in the market for top-end chips used in artificial intelligence (AI) such as high bandwidth memory (HBM) chips where Samsung has fallen behind rivals such as SK Hynix, analysts said, Reuters reported.

"This is a preemptive measure to strengthen future competitiveness by renewing the atmosphere internally and externally," Samsung Electronics said in a statement.

The firm said Jun, a former chief executive at battery arm Samsung SDI and former executive at Samsung Electronics' memory chip business, would help overcome the "chip crisis" with his management know-how.

Replacing such a high-ranking position in the middle of the year is unusual, given most personnel changes at Samsung normally take place in the beginning of the year, analysts said.

Current chip division chief Kye Hyun Kyung will succeed Jun as head of the future business unit.

"The chip division has been lagging in competitiveness on various fronts. It also missed a lot of the global AI upward trend," said analyst Lee Min-hee at BNK Investment & Securities.



Saudi Arabia’s stc Group Boosts Network Capacity in Madinah to Serve Pilgrims

stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)
stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)
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Saudi Arabia’s stc Group Boosts Network Capacity in Madinah to Serve Pilgrims

stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)
stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)

Saudi Arabia’s stc Group has deployed its technical expertise and digital services to support the thousands of pilgrims visiting Madinah following the Hajj, reported the Saudi Press Agency on Saturday

stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%.

This enhancement ensured smooth operation of 5G services, keeping pace with the surging demand for high-speed data. As a result, data traffic volume surged by more than 60% compared to the previous year, building upon the success achieved in Makkah city and the holy sites.

Committed to serving pilgrims, stc played a vital role in facilitating their digital experience. The group meticulously planned for the Hajj season by studying call and data usage patterns in Madinah. It analyzed performance indicators to proactively activate and optimize phone and data services before and during the season.

The comprehensive plan encompassed a thorough inspection of network elements, preventive maintenance, and performance testing to verify network stability. stc analyzed call traffic and data flow patterns to develop contingency plans and ensure network resilience.

stc further expanded its service offerings to enrich the spiritual experience of visitors in Madinah. The group strategically enhanced Wi-Fi access points and implemented internal solutions, aiming to facilitate communication between pilgrims and their families.

This commitment aligns with the Pilgrim Experience Program, a key initiative within Saudi Arabia's Vision 2030, ensuring the highest service quality for all pilgrims.