Samsung to merge mobile and consumer electronics divisions
Samsung Electronics Co Ltd said on Tuesday it will merge its mobile and consumer electronics divisions, as it focuses on growing its logic chip business. The sweeping move is the latest sign of change at the world's largest memory chip and smartphone maker, after Vice Chairman Jay Y. Lee was paroled in August from a bribery conviction. The head of visual display business, Han Jong-hee, was promoted to vice chairman and co-CEO, and will lead the newly merged division spanning mobile and consumer electronics as well as continuing to lead the TV business. Late last month, Samsung chose Taylor, Texas as the site of a planned $17 billion U.S. chip plant after months of deliberation, coinciding with Lee's first business trip to the United States in five years.
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