Samsung Electronics on Wednesday named the new chiefs of its
memory and foundry businesses as the South Korean tech giant aims to further
expand its presence in the chipmaking sector.
Samsung
Electronics on Wednesday named the new chiefs of its memory and foundry businesses
as the South Korean tech giant aims to further expand its presence in the
chipmaking sector.
Samsung announced that Lee Jung-bae, 53, has been promoted to chief of its
memory business, while Choi Si-young, 56, will head its foundry business.
Lee previously led
Samsung's DRAM product and technology unit, while Choi served as head of the
company's memory manufacturing technology center.
Samsung said the
latest move is aimed at bolstering its technological competitiveness and
occupying new markets with the next generation of leaders.
Lee is an expert
in the DRAM sector who played a pivotal role in Samsung becoming the dominant
player in the memory industry, reports Yonhap news agency.
The South Korean
tech giant said it believes Lee will further widen the gap with competitors in
the memory business, including DRAM, NAND flash and other solutions.
Samsung is the
world's largest memory chip producer, with a 41.3 per cent share in the DRAM
market and a 33.1 per cent share in the NAND flash sector in the third quarter
of the year, according to market researcher TrendForce.
Choi is an expert
in chip manufacturing and processing solutions, having served in various posts
in Samsung's semiconductor
business.
Samsung expects
Choi to use his experience and expertise in chip producing processes to achieve
its goal of becoming the leading player in the foundry sector.
Samsung was the
No. 2 player in the contract chip making industry with a 17.4 per cent share in
the third quarter, trailing far behind Taiwan Semiconductor Manufacturing Co.
(TSMC) that boasts a 53.9 per cent market share.
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