Samsung is in a little bit of a disaster proper now. Whereas the corporate has been the world’s largest reminiscence chip maker for many years, it appears to have misplaced its footing in high-end reminiscence chips (HBM) utilized in AI accelerators and GPUs. In instances like these, Samsung CEO urged staff to concentrate on attaining expertise management.Summarize in one-click with Galaxy AI

Samsung CEO needs staff to achieve expertise management amid disaster

Throughout the firm’s fifty fifth anniversary celebration, Samsung Vice Chairman and CEO Han Jong-hee known as for the necessity to develop higher applied sciences and attain market management to deal with present and upcoming challenges. The corporate’s smartphone market share is dropping globally, and its HBM chips aren’t pretty much as good as these of its rivals.

Han Jong-hee, Samsung’s vice chairman and CEO, mentioned, “Securing expertise and high quality for our prospects is the muse of our competitiveness and the one manner we will lead the paradigm shift. Let’s make determined efforts to additional strengthen our expertise management, guaranteeing a degree of high quality that is still unmatched.”

The CEO’s feedback got here amid challenges Samsung is presently dealing with. Excessive-bandwidth reminiscence (HBM) chips are in big demand proper now, as they’re a vital part in AI chips developed by manufacturers like AMD, AWS, Intel, and Nvidia. Whereas Samsung’s HBM3E chips are but to be licensed by Nvidia, Samsung’s rival SK Hynix has bought all its HBM3E capability for 2024 and 2025.

JH Han mentioned AI will outline the expertise panorama for the following decade. He mentioned AI will transition from the bubble part to the part of democratization and that unimaginable issues will turn into on a regular basis realities within the coming years. He additionally mentioned the corporate must adapt to market situations and alter the way in which its staff work.

The South Korean agency must “establish new progress engines, past particular merchandise or enterprise traces,” in response to JH Han. Throughout the occasion, Samsung’s prime executives, together with Vice Chairman Jun Younger-hyun, have been current. Jun Younger-hyun just lately took cost of the semiconductor division.