Samsung Electronics Co. said on Dec. 6, 2018 it has decided to promote Kim Ki-nam, who currently serves as the president and CEO of the crucial device solution division, to vice chairman, as the chip business continued to post record-breaking performances throughout 2018.
The South Korean tech giant said the decision was based on Kim's leadership and the major contributions he made to the company's chip business. Kim will continue to lead the Samsung Advanced Institute of Technology as well.
The chip business of the device solutions division saw its operating profit reach 13.65 trillion won (US$12.2 billion) in the July-September period, up 37 percent from the 9.96 trillion won posted in the same period last year, setting a new record.
Samsung retained its leaders in its smartphone and consumer electronics divisions. (Yonhap)