Samsung Reportedly Slashing Executive Jobs In Its Various Semiconductor Divisions To Better Compete With Rivals And Return To Posting Healthier Financials
An apology was previously issued by Samsung as the company’s earnings guidance for Q3 2024 was below market expectations. Despite being forecast to pocket around $6.77 billion for this quarter, making it a 274.5 percent increase compared to Q3 2023, the Korean giant reportedly wants to be in a better position when competing with rivals, especially during the AI boom. As part of its plan to return to the top of the food chain, Samsung is said to be introducing a massive restructuring approach in its semiconductor division, where it may replace key posts from its memory, foundry, and System […]