Samsung Electronics announced a change in leadership for its memory and foundry chip divisions. The South Korean tech giant appointed Jun Young-hyun as co-CEO and head of the memory chip arm, while Han Jin-man will become the president and head of the company's foundry business.

Samsung Electronics announced a major leadership shakeup at its Device Solutions (DS) division, Wednesday, replacing the heads of its memory and foundry businesses.

Samsung Electronics Co. announced its new leadership Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field. Jun Young-hyun, vice chairman and head of the device solutions division,

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