Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 19 January 2009 11:46

Samsung splits into two divisions

Written by Jon Worrel

Image

In response to economic downturn


Just recently, Samsung announced that it will be undergoing a major internal operation that will effectively split the company into two divisions. In addition, a variety of key roles within the management structure will be changed once again.

Nevertheless, both adjustment practices have been presented in an effort to stay afloat during the economic downturn, just a few days before Samsung announces its fourth quarter earnings on the 23rd of this month.

Samsung's first division will be a 'Digital Media and Communications' group headed by Choi Gee-Sung, current president of the company's cell phone unit.  Moreover, the group will focus on mobile phones, televisions, laptops, printers, home appliances and other consumer electronics.

On the other hand, Samsung's current CEO Lee Yoon-woo will head a 'Device Solution' group that will focus on component, semiconductor and LCD manufacturing and production.

In Q3 2008, the company posted a 44% drop compared to the same quarter one year prior.  In response, Samsung spokeswoman Hwang Eun-ju explains, "We needed to effectively respond to the current global recession."  However, the irony begins with the fact that prior to this plan, the company's ex-chairman Lee Kun-hee resigned after being indicted for evading $133 million in taxes.

Last modified on Monday, 19 January 2009 12:07

Jon Worrel

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments