Major Samsung shake-up: phone and consumer electronics divisions merged

Samsung revealed it will merge the mobile and consumer electronics businesses into one big division and will appoint new co-CEOs. The goal is to simplify its structure and focus on growing the logic chip business, Reuters reports. Han Jong-see, the current visual display business (primarily TVs) will be promoted as vice chairman and co-CEO, and also will lead the newly merged division. Analysts are withholding forecasts about what changes will Han bring. The chip and components division is also seeing changes at its helm, with the CEO of Samsung Electro-Mechanics Kyung Kye-hyun...

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