Samsung Co-CEO Han Jong-hee Passes Away: South Korean tech giant Samsung Electronics said on Tuesday that its co-CEO Han Jong-hee died of cardiac arrest. Han was 63 years old. Han was in charge of Samsung’s consumer electronics and mobile devices division.The company’s other co-CEO Jun Young-hyun is looking after the chip business.
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What is Companey said On Samsung Co-CEO Han Jong-hee Passes Away
A company spokesperson said that Han was admitted to the hospital, where he died on Tuesday during treatment. It has not yet been decided who will replace him. There was no significant change in the shares of Samsung Electronics on Tuesday morning.
Samsung Financial Performance
The company’s earnings have been weak for the last few quarters and its share prices have also fallen. The company has lagged behind its competitors in the field of advanced memory chips and contract chip manufacturing. Demand in these areas has increased significantly due to AI projects.
Samsung Co-CEO Han Jong-hee Passes Away 40-Year Relationship with Samsung.
Han joined Samsung about 40 years ago, and started his career in the company with the TV business. He became the vice chairman and CEO in the year 2022. Han was also a member of Samsung’s board of directors. Samsung’s shareholder meeting, chaired by Han, was held last week when shareholders asked tough questions of the company’s top executives as its stock was among the worst performers among tech companies last year after it failed to take advantage of the artificial intelligence (AI) boom.
Samsung also lags behind SK hynix in semiconductors, which makes HBM chips that companies like Nvidia rely on for their AI graphics processing units. “First of all, I would like to apologize to all of you for the company’s stock performance in recent times. Over the past year, our company has not been able to respond promptly to the rapidly changing AI semiconductor market,” Han said at the meeting. He was scheduled to attend Samsung’s new home appliances launch event on Wednesday. His vision and leadership have enabled Samsung to remain competitive at the global level in the consumer electronics sector.
Samsung Co-CEO Han Jong-hee Passes Away: A Time of Challenges
Han’s death comes at a time when Samsung is facing fierce competition from Chinese companies in the business of smartphones, TVs and other electronics.Despite this news, there was no significant fluctuation in the shares of Samsung Electronics in the morning trading.
Samsung Electronics co-CEO Han Jong-Hee dies at 63, South Korean tech giant says https://t.co/7ADV3fOBUn pic.twitter.com/QwU8o9BmUU
— CNN (@CNN) March 25, 2025
Jun Young-hyun
- Let us tell you that Han was born in the year 1962.
- He was associated with Samsung for four decades.
- He started his career with the display division. After this, he kept moving forward.
- In the year 2023, he was made the CEO of Samsung.
- Even before this, he had served in many important positions in the company.
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