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Samsung Electronics has appointed Roh Tae-moon, previously the mobile business chief, as the acting head of its consumer and smartphone division following the recent death of co-CEO Han Jong-Hee. Roh will oversee the Device Experience division, which includes TVs, home appliances, and smartphones. The company’s board will later decide on the future of the co-CEO structure amid ongoing operational challenges.
Samsung Electronics is bracing for a challenging annual general meeting on March 18, 2025, as shareholders express concerns over the company's ability to capitalize on the AI boom. The tech giant has acknowledged a decline in its competitive edge in semiconductors, particularly trailing behind SK Hynix in high bandwidth memory chips crucial for AI graphics processing units. Internal communications reveal worries about stagnation, with efforts now focused more on maintaining the status quo rather than fostering innovation.
Taiwan Semiconductor Manufacturing Co. (TSMC) solidified its lead in the global pure-play wafer foundry market, achieving a 67.1% market share in Q4 2024, up from 64.7% the previous quarter, with sales reaching US$26.85 billion, a 14.1% increase fueled by strong demand for smartphones and AI applications.In contrast, Samsung Electronics experienced a decline in market share from 9.1% to 8.1%, with sales falling 1.4% to US$3.26 billion due to lost orders from existing clients. Other notable players included SMIC (5.5%), UMC (4.7%), GlobalFoundries (4.6%), and Huahong Group (2.6%), with the top 10 companies generating US$38.48 billion in sales, representing 96% of the global market.
Samsung Electronics faces mounting challenges in the foundry market as TSMC considers a joint venture with Nvidia, AMD, and Broadcom to manage Intel’s semiconductor facilities. This partnership could intensify competition, further eroding Samsung's market share, which has fallen to 8.1% compared to TSMC's 67.1%. With an operating loss exceeding 2 trillion won in its foundry division, Samsung struggles to attract clients, particularly as demand for AI chips rises.
Samsung Electronics has announced record spending for 2024, allocating approximately 35 trillion won (US$24.1 billion) for research and development, a 23.5% increase from the previous year. Facility investments also reached a high of 53.6 trillion won (US$36.9 billion), despite a challenging global market. The company reported annual revenue of 300.87 trillion won (US$207.3 billion), with net profit soaring 122.5% to 34.45 trillion won (US$23.7 billion).
Samsung Electronics led South Korea in average salaries for outside directors in 2024, offering 183.3 million won (US$126,308) per director, despite a 9.8% decrease from 2023. Among 247 analyzed firms, 29 companies paid over 100 million won, primarily from major conglomerates like Samsung, SK, Hyundai Motor, and LG.
Huawei has surged to dominate China's foldable phone market with a 48.6% share, while Samsung's presence has dwindled to just 0-1%. This shift reflects a broader trend of patriotic consumption favoring local brands amid rising competition and ongoing U.S.-China trade tensions. Apple is also struggling, with its market share falling to 15% as domestic brands gain ground.
Huawei reported a remarkable revenue increase of 22% in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing an 18.1% market share, and surpassed Samsung in the global foldable smartphone market. Despite ongoing U.S. sanctions, Huawei's strategic pivot to local technology and its HarmonyOS operating system are key to its recovery and expansion efforts.
Huawei reported a 22% revenue increase in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing 18.1% of the market, and surpassed Samsung in the foldable smartphone segment. Despite challenges from U.S. sanctions, Huawei's HarmonyOS is pivotal for its overseas smartphone ambitions, as it seeks to recover its global presence.
Samsung Electronics Co., Ltd.
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