Samsung Electronics Co., Ltd. (BC94.L)
- Bloomberg
Samsung Replaces Chip Chief After SK Hynix Takes AI Lead
(Bloomberg) -- Samsung Electronics Co. is replacing the head of its semiconductor arm, appointing a longtime memory chip veteran to spearhead efforts to catch up with SK Hynix Inc. in the booming AI arena.Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyASML and TSMC Can Disable Chip Machines If China Invades TaiwanIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears o
- Investing.com
Futures muted, Palo Alto Networks' billings forecast - what's moving markets
Investing.com -- U.S. futures tread water as markets gear up for much-anticipated earnings from Nvidia (NASDAQ:NVDA) this week and assess fresh interest rate commentary from Federal Reserve policymakers. Shares in Palo Alto Networks slip in extended hours trading after the cybersecurity group's fourth-quarter billings forecast fails to impress analysts. Samsung Electronics (KS:005930) shakes up the leadership of its semiconductor division in a bid to keep pace in the race to roll out AI-speciali
- Reuters
Samsung picks veteran executive to tackle 'chip crisis' amid AI boom
SEOUL (Reuters) -Samsung Electronics has replaced the chief of its semiconductor division in a bid to overcome a "chip crisis", amid a booming market for AI chips where the world's biggest memory chipmaker has lagged peers. The move is likely aimed at catching up in the market for top-end chips used in artificial intelligence such as high bandwidth memory (HBM) chips, an area where Samsung has fallen behind rivals such as SK Hynix, analysts said. "This is a preemptive measure to strengthen future competitiveness by renewing the atmosphere internally and externally," Samsung said in a statement.
