Samsung Electronics’ co-CEO passes away at 63 while being dealt with for heart attack

South Korean technology titan Samsung Electronics stated on Tuesday that its co-chief exec police officer Han Jong- hee has actually passed away as a result of heart attack. Han was 63.

Han supervised of Samsung’s customer electronic devices and mobile phones department, while co-CEO Jun Young- hyun manages the chip service of South Korea’s greatest business.

Han died at a healthcare facility on Tuesday while being dealt with for heart attack, a firm agent stated, including that a follower had actually not yet been determined.

Samsung Electronics shares were level in early morning profession.

The South Korean company has actually been experiencing weak profits and drooping share rates in current quarters after falling back competitors in innovative memory chips and agreement chip production, which have actually taken pleasure in solid need from AI tasks. Samsung has additionally delivered its smart device market crown to Apple.

Han, that signed up with Samsung Electronics virtually 40 years earlier, developed his profession in the television service. He ended up being vice chairman and chief executive officer of Samsung Electronics in 2022. Han was additionally among the business’s board participants.

He chaired Samsung’s investor conference recently, where he and various other execs were barbequed by investors after the business’s failing to ride an expert system boom made it among the worst-performing technology supplies in 2015.

In semiconductors, Samsung hangs back SK Hynix in HBM chips that Nvidia and others depend on for AI visuals handling systems.

“First and foremost, I sincerely apologise for the recent stock performance not meeting your expectations. Over the past year, our company failed to adequately respond to the rapidly evolving AI semiconductor market,” Han stated.

He was set up to participate in Samsung’s launch occasion for brand-new home devices on Wednesday.