Samsung’s IT dilemma is becoming worse after the death of its co-CEO.
Tuesday’s cardiac arrest death of the chairman of Samsung devices’ smartphone and consumer devices division rocked the South Korean tech behemoth during a downward financial trajectory that executives have referred to as a crisis.
In December 2021, Jong-Hee Han, then sixty-three, was named co-CEO of Samsung Electronics. The company’s other CEO is in charge of the division that produces semiconductors and other technological components.
Han has no direct successor identified. Han’s passing was verified by a Samsung spokesperson. “Our deepest condolences are with his family and loved ones during this difficult time,” said the business.
From televisions to washing machines to smartphones, Samsung manufactures a wide range of electronic devices and appliances. It also supplies other IT companies with a lot of components. However, as artificial intelligence has exploded in the tech sector, the Suwon, South Korea-based corporation has faltered in recent years.
By outwitting Samsung, rival SK Hynix was able to supply Nvidia with the specialized memory required for AI chips and other associated technologies early on. Apple surpassed Samsung, the market leader for smartphones, in 2024 for the second consecutive year. Taiwan Semiconductor Manufacturing, or TSMC, has expanded its hegemony in the fabrication of sophisticated chips and has announced plans to invest an additional $100 billion in U.S. manufacturing. Visit Voice of Entrepreneur