SAN FRANCISCO South Korean electronics giant Samsung Electronics Co. Ltd. has restructured its businesses into two groups, a Device Solution unit, including semiconductors and LCDs, and a Digital Media and Communications unit that will include consumer products such as cellphones and TVs, according to various reports.
Lee Yoon-woo, vice chairman and CEO of Samsung Electronics, will head the Device Solution unit, and Choi Gee-sung, president of the telecommunications unit, was named as president of Digital Media & Communications, according to a report Friday (Jan. 16) by the Korea Herald.
Hwang Chang-gyu, who led the development of advanced memory chips, quit his post as chief technology officer and president of the corporate technology unit, the Herald reported.
Analysts are worried that Samsung will announce a net loss for the fourth quarter of 2008, according to an Associated Press report. The company is scheduled to announce fourth quarter earnings on Jan. 23.