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ELECTRONICS NEWS HIGHLIGHST 12/13/2021
ELECTRONICS NEWS HIGHLIGHST 12/13/2021
1. SAMSUNG to Replace Division Chiefs, REORGANIZE CONSUMER BUSINESS
Samsung Electronics Co. is combining two of its three business divisions and appointing new leaders to replace its three co-chief executive officers in its biggest management shakeup since 2017.
The reorganization, decided under the oversight of de-facto leader and Samsung heir Jay Y. Lee, will see the consumer and mobile divisions merged into a newly formed SET Division, to be led by Jong-Hee Han. Promoted from the company’s TV research and development team, Han succeeds co-CEOs Dongjin Koh and Hyunsuk Kim, who had respectively led the smartphone and consumer appliances groups. Kyehyun Kyung is stepping in to lead the company’s Device Solutions group, which encompasses its key semiconductor business lines such as memory, logic processors and chipmaking for outside customers.
2. TOYOTA TO BUILD $1.29 BILLION EV BATTERY PLANT
Toyota will build a new $1.29 billion battery plant for electrified vehicles in North Carolina, U.S. The automaker expects the facility to be capable of producing enough lithium-ion batteries for 200,000 vehicles when production begins in 2025 and eventually expand battery production to up to 1.2 million vehicles per year.
3. US, TAIWAN DISCUSS CHIPS, TO COOPERATE UNDER NEW FRAMEWORK
U.S. Commerce Secretary Gina Raimondo discussed chip supply with Taiwan Economy Minister Wang Mei-hua her equivalent in Taiwan and the two will cooperate on technology trade and investment through a newly established mechanism.
Details: https://www.ntd.com/us-taiwan-discuss-chips-to-cooperate-under-new-framework_711161.html
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