(Bloomberg) — Samsung Electronics Co. co-Chief Govt Officer Han Jong-Hee, who’s credited for rising the Korean conglomerate into the world’s high electronics firm, has died. He was 63.
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The chief died Tuesday after struggling a cardiac arrest episode earlier, a spokesperson for the corporate mentioned. He’s survived by his spouse and three kids. Samsung inventory dipped initially earlier than recouping losses in Seoul.
Han, an organization veteran who started his profession within the shows division greater than three a long time in the past, was instrumental in displacing Japanese rivals akin to Sony Group Corp.
“His contribution to the patron electronics enterprise can’t be overstated,” mentioned Sanjeev Rana, an analyst at CLSA Securities Korea. “Underneath his management, Samsung’s TV enterprise particularly has maintained a really sturdy market place during the last twenty years.”
Han performed an “general supervisory position” on the corporate’s smartphone enterprise, Rana mentioned, with Samsung’s hands-on cellular division head, TM Roh, taking a number one position.
Han’s private motto was “everlasting No. 1” and he was recognized for his sturdy work ethic and dedication to beat challenges, an embodiment of Samsung’s tradition.
After being promoted to vice chairman in 2021, he led the so-called the Machine Expertise division, overseeing Samsung’s TV, house home equipment and smartphone companies.
Most lately, Han took cost of efforts to combine AI into most of Samsung’s merchandise in anticipation of a growth in synthetic intelligence options for on a regular basis use. Underneath his management, the corporate has put in AI chips in its fridges, washing machines and vacuum cleaners.
Throughout an interview with Bloomberg Information in January, Han emphasised Samsung’s distinctive market place as a frontrunner in not simply cellular units but in addition house home equipment to speed up good house know-how around the globe. He mentioned Samsung desires to raised join the half-billion units it sells annually to assist make up for missteps which have value it the lead in opposition to huge tech rivals in areas akin to top-end reminiscence and generative AI.
His dying comes at a vital juncture for the corporate. The fast rise of Chinese language electronics manufacturers, providing aggressive options at decrease costs, is posing a big risk to Samsung’s market dominance. The Korean firm can be making an attempt to meet up with SK Hynix Inc. in AI reminiscence and fend off rivals from the US and China.
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