Samsung Electronics announced the death of co-CEO Han Jong-hee at 63 due to cardiac arrest. Han led the consumer electronics and mobile devices division and had been with the company for nearly 40 years. His passing adds uncertainty as Samsung grapples with declining earnings and competition from rivals, particularly in the semiconductor market, where it has fallen behind. Han had publicly acknowledged the challenges facing Samsung in adapting to the AI semiconductor market, just days before his death during a shareholder meeting.
Han has passed away at a hospital while being treated for cardiac arrest; leaving behind a legacy as co-CEO and leader in consumer electronics.
With Samsung struggling in the semiconductor market and losing its smartphone crown, Han acknowledged our failure to respond to the AI semiconductor boom.
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