Samsung replaces chip chief with veteran exec Jun as SK Hynix takes AI lead

Samsung Electronics has replaced the chief of its semiconductor division to help the group overcome a “chip crisis”, amid a booming market for AI chips where analyst say the world’s biggest memory chipmaker lags peers.

The South Korean manufacturer on Tuesday said it has appointed Young Hyun Jun, effective immediately, moving him from the role as head of its future business planning unit.

Jun previously led Samsung’s memory chip department after working on the development of DRAM and flash memory chips.