Samsung Electronics CEO announces resignation as company forecasts record profits
Friday, 13 October 2017 Longtime Apple "frenemy" Samsung Electronics on Friday local time said CEO and Vice Chairman Kwon Oh-hyun will resign from management effective March 2018. The surprise announcement comes as the South Korean tech giant forecasts record-breaking quarterly profits on the back of strong memory chip gains.
Samsung Electronics says its CEO and Vice Chairman is stepping down despite forecasting record third-quarter profits on the back of soaring memory chip prices. The 64-year-old Oh-Hyun Kwon had been expected to take a bigger role following the February arrest of Samsung Group’s heir apparent Jay Y....
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Samsung Electronics Co Ltd announces its first stock split and says it expects demand for semiconductors to remain strong in 2018, as it posts record annual profit driven by a so-called memory chip.. Source: Reuters Studio -
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