Samsung Chips Boss Warns of ‘Vicious Cycle’ Unless Changes Made
- Jun Young-hyun replaced his predecessor just a few months ago
- It’s trying to catch SK Hynix in the hot AI memory chip market
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Samsung Electronics Co.’s chip business leader warned that Korea’s largest company risked getting caught in a “vicious cycle” if it didn’t revamp its workplace culture, in an unusually harsh memo issued to employees months after taking the helm.
Jun Young-hyun, who ascended to the role after his predecessor allowed SK Hynix Inc. to take a big lead in AI memory chips, said his division’s recent turnaround was based largely on a market rebound. To sustain that recovery, Samsung must take steps to eradicate communication barriers between departments and stop “hiding or avoiding problems,” he said in a staff memo seen by Bloomberg News.