Published by Global Banking & Finance Review®
Posted on February 18, 2025
1 min readLast updated: January 26, 2026
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Samsung Electronics nominates key chip executives to its board to enhance competitiveness in the semiconductor industry.
SEOUL (Reuters) - Samsung Electronics on Tuesday nominated its chip business chief Jun Young-hyun and Chief Technology Officer Song Jai-hyuk to join its board, as the tech giant looks to boost competitiveness in its struggling semiconductor business.
The South Korean company also said in a regulatory filing it had nominated Seoul National University Professor Lee Hyuk-jae as an outside director. Lee, a chip expert, is head of Seoul National University's semiconductor research centre.
With two chip executives and one semiconductor academic nominated to the board, Samsung is looking to strengthen its focus on chips at the top level of the company.
Samsung Electronics has been scrambling to restore its competitiveness in the chip business, after it lost market leadership in high-bandwidth memory (HBM) chips used in Nvidia's AI graphics processing units (GPUs) to domestic rival SK Hynix.
Samsung said the new board nominations would be voted on at a shareholders' meeting slated for March 19.
(Reporting by Joyce Lee and Hyunjoo Jin; Editing by Ed Davies)
Samsung Electronics' nomination of new chip executives to its board to strengthen its semiconductor business.
Jun Young-hyun, Song Jai-hyuk, and Professor Lee Hyuk-jae.
To restore competitiveness after losing market leadership in high-bandwidth memory chips.
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