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SemiBuzz: Samsung undergoes reorganization

Posted: 20 Jan 2009 ?? ?Print Version ?Bookmark and Share

Keywords:Samsung business restructure? media digital? unit communications?

Samsung Electronics Co. Ltd has reportedly restructured its businesses into two groupsDevice Solution unit, including semiconductors and LCDs, and Digital Media and Communications unit that will include consumer products such as cellphones and TVs.

Lee Yoon-woo, vice chairman and CEO of Samsung, will head the Device Solution unit, and Choi Gee-sung, president of the telecommunications unit, was named as president of Digital Media & Communications, according to a report by the Korea Herald.

Hwang Chang-gyu, who led the development of advanced memory chips, quit his post as chief technology officer and president of the corporate technology unit, the Korea Herald reported.

Analysts are worried that Samsung will announce a net loss for Q4 08, according to an Associated Press report. The company is scheduled to announce Q4 08 earnings on Jan. 23.

- Dylan McGrath
EE Times

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