Samsung Elec Appoints Mobile Chief as Interim Head of Consumer and Mobile Division

Roh Tae-moon, President and Head of Mobile eXperience Business at Samsung Electronics speaks during his keynote address as Samsung Electronics unveils its latest flagship smartphones in San Francisco, California, US, February 1, 2023. (Reuters)
Roh Tae-moon, President and Head of Mobile eXperience Business at Samsung Electronics speaks during his keynote address as Samsung Electronics unveils its latest flagship smartphones in San Francisco, California, US, February 1, 2023. (Reuters)
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Samsung Elec Appoints Mobile Chief as Interim Head of Consumer and Mobile Division

Roh Tae-moon, President and Head of Mobile eXperience Business at Samsung Electronics speaks during his keynote address as Samsung Electronics unveils its latest flagship smartphones in San Francisco, California, US, February 1, 2023. (Reuters)
Roh Tae-moon, President and Head of Mobile eXperience Business at Samsung Electronics speaks during his keynote address as Samsung Electronics unveils its latest flagship smartphones in San Francisco, California, US, February 1, 2023. (Reuters)

Samsung Electronics appointed on Tuesday its mobile chief Roh Tae-moon as acting head of the company's consumer and mobiles business, following the death of his predecessor, Han Jong-Hee, a week ago.

"Samsung Electronics plans to minimize the leadership vacuum in the DX Division through this executive reshuffle, and make every effort to strengthen global competitiveness and ensure thorough preparation for the future," Samsung said in a statement.

Roh, 56, has been in charge of the company's mobile business since 2020. Samsung said in March Roh has been "spearheading new smartphone markets" with AI phones and foldable phones as growth is slowing and competition is intensifying.

Roh will oversee the so-called DX division, which includes TVs, home appliances and smartphone businesses.

The death of Han, 63, who was in charge of its consumer electronics and mobile devices division, left newly-appointed boss Jun Young-hyun solely in charge of the South Korean tech giant as it revamps its underperforming chip business and navigates rising competition and trade uncertainties.

Samsung said the company's board of directors will decide on a new CEO later, and a spokesperson said that "nothing has been decided whether or not to keep the previous co-CEO structure at the moment."



Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
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Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)

Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.

Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial-intelligence technologies.

Nvidia's stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK.

Nvidia's high-end processors are at the center of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centers and dominate the emerging technology.

Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips.

"Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note.

Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with market values above $3 trillion.

Microsoft is the second most valuable US company, with a market capitalization of $3.73 trillion. Its shares dipped 0.4% on Thursday.

Apple's stock has tumbled 15% so far in 2025, leaving its market value at $3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services.

Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.