Samsung Electronics CO-CEO Han Jong-Hee Dead at 63
James Fishler, Senior Vice President of Samsung Electronics America, will be unveiling the company’s latest products at Claman Countdown.
Samsung Electronics CO-CEO Han Jong-Hee passed away Tuesday while undergoing cardiac arrest treatment, the company said.
He was 63 years old.
Samsung said in a regulatory submission that newly appointed co-CEO Young Hyun will take over and assume the sole responsibility. Jun was just appointed Co-CEO last week after leading the company’s semiconductor division.
Han is also head of the company’s Device Experience (DX) division, joining Samsung in 1988 and spent nearly 40 years leading Samsung’s television business. As Head of the DX Division and Digital Appliance Business, he was believed to have helped the company grow despite the challenging business environment.
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Han Jong-Hee, CEO of Samsung Electronics Co. and Head of Visual Display Business, passed away Tuesday. (Getty Images/Laurent Justice via Getty Images/Bloomberg)
He began his career at Samsung in 2011 as product head of the Visual Display Business research and development team.
In 2022 he was appointed CEO of one of the world’s largest electronics producers. He was also responsible for the company’s consumer electronics and mobile devices divisions.
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Han Jung-hee joined Samsung in 1988. (Photo of Jung Yeon-Je/AFP via Getty Images/Getty Images)
The company specializes in the manufacture of a variety of consumer and industrial electronics, with two CEOs overseeing separate divisions.
However, they are struggling to compete with their rivals in the artificial intelligence chip market. I also struggle to compete Rival Apple With the production of smartphones.
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At a meeting of shareholders who chaired last week, he told investors that 2025 would be a difficult year, and that Samsung would be flexible with the president. Donald Trump’s Tariffs with a global supply chain and manufacturing footprint.
He and other executives were burned by shareholders at meetings after the company failed to get on the AI boom.
In semiconductors, Samsung is lagging behind SK Hynix with so-called high-bandwidth memory chips, where Nvidia and others rely on AI graphics processing units.
“First and foremost, I sincerely apologize for not meeting your expectations of recent stock performance. Over the past year, we have not been able to properly address the rapidly evolving AI semiconductor market,” Han said.
Reuters contributed to this report.