Samsung Electronics has promoted Jun Young-hyun, the head of its semiconductor division, to the position of co-chief executive officer. This move highlights the company's dedication to improving its competitive position in the AI market, particularly in relation to SK Hynix Inc.

Jun will now have direct oversight of the semiconductor division's daily operations, including the management of the memory division. This change reflects Samsung's proactive strategy to strengthen its semiconductor business in response to the increasing demand for AI technologies.