Hong Kong
The Gentleman Report
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Samsung Electronics co-CEO Han Jong-Hee died from cardiac arrest on Tuesday, in keeping with a spokesperson for the South Korean tech massive. Han was once 63.
Born in 1962, Han had overseen Samsung’s shopper electronics and cell units companies since 2022, in keeping with the corporate. He was once named Samsung Electronics vice president and co-CEO in 2022. Han’s co-CEO, Jun Younger-Hyun, heads its semiconductor industry.
Samsung has run into important headwinds lately, with its semiconductor industry trailing contract chipmaking trade chief Taiwan Semiconductor Production Corporate (TSMC) each in relation to ramping up manufacturing of state-of-the-art chips and securing main consumers.
All the way through an annual assembly with traders remaining week, Han warned of a hard 2025 proudly owning to uncertainties across the financial insurance policies of main economies, in keeping with Reuters. He added that Samsung would search “significant” mergers and acquisitions offers this yr to improve the corporate’s enlargement.
“There are some difficulties in doing semiconductor M&As because of regulatory problems and quite a lot of nationwide pursuits, however we’re decided to provide some tangible effects this yr,” he was once quoted as announcing.
Han joined the corporate in 1988 after incomes a bachelor’s stage in electric engineering from Inha College. Previous to working Samsung’s electronics and units department, he was once in command of the show operation.
“He performed a pivotal position in taking Samsung’s TV industry to the top of the worldwide marketplace in 2006 and maintaining it there ever since,” Samsung mentioned of Han in an organization biography printed remaining week.
Han was once “central” in rolling out Samsung’s LED TVs, which, in conjunction with different inventions of his, helped the corporate “regularly show generation management,” it added.
This can be a growing tale and will likely be up to date.