Samsung Electronics America Senior Vice President James Fishler unveils the corporate’s latest merchandise on ‘The Claman Countdown.’
Samsung Electronics co-CEO Han Jong-Hee died Tuesday whereas being handled for cardiac arrest, the corporate mentioned.
He was 63.
Newly appointed co-CEO Jun Younger Hyun will take over and assume sole accountability, Samsung mentioned in a regulatory submitting. Jun had simply been appointed co-CEO final week after main the corporate’s semiconductor division.
Han was additionally the top of the corporate’s Machine eXperience (DX) Division, joined Samsung in 1988, and spent practically 40 years serving to lead Samsung’s TV enterprise. As the top of the DX Division and Digital Home equipment Enterprise, he was credited with serving to the corporate develop regardless of the difficult enterprise atmosphere.
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Han Jong-hee, chief government officer and head of visible show enterprise at Samsung Electronics Co., died Tuesday. ( Lauren Justice/Bloomberg by way of Getty Pictures / Getty Pictures)
He began his profession at Samsung as the top of product for the analysis and growth crew for the visible show enterprise in 2011.
In 2022, he was appointed CEO of one of many world’s largest producers of digital units. He was concurrently accountable for the corporate’s client electronics and cell units division.
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Han Jong-Hee joined Samsung in 1988. (Photograph by JUNG YEON-JE/AFP by way of Getty Pictures / Getty Pictures)
The corporate makes a speciality of manufacturing all kinds of client and industrial electronics and has two CEOs overseeing the separate divisions.
Nevertheless, it has been struggling to compete with rivals within the synthetic intelligence chip market. It has additionally been struggling to compete with rival Apple in producing smartphones.
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On the shareholder assembly Han chaired final week, he advised traders that 2025 could be a tough 12 months, and Samsung would flexibly reply to President Donald Trump’s tariffs with its international provide chain and manufacturing footprints.
He and different executives have been grilled by shareholders on the assembly after the corporate’s failure to trip an AI increase made it one of many worst-performing tech shares final 12 months.
In semiconductors, Samsung lags behind SK Hynix in so-called excessive bandwidth reminiscence chips that Nvidia and others depend on for AI graphic processing items.
“First and foremost, I sincerely apologise for the recent stock performance not meeting your expectations. Over the past year, our company failed to adequately respond to the rapidly evolving AI semiconductor market,” Han mentioned.
Reuters contributed to this report.
