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Monday 16 october 2017 technology
A24

Head of Samsung’s booming semiconductor business to resign

By YOUKYUNG LEE due to the growing use of
AP Technology Writer social media, mobile data,
SEOUL, South Korea (AP) — cloud computing and the
The chairman of Samsung emerging internet of things,
Electronics Co.’s board of which have combined to
directors, who has been leave supplies tight. The
the public face of the com- boom allowed Samsung
pany after its de facto chief to dethrone Intel Corp.,
was jailed on corruption the long-time global chip
charges, said Friday he will leader, in the second quar-
resign next year to make ter and has yielded record
way for a new leader. earnings for smaller chip ri-
“As we are confronted with vals such as SK Hynix.
unprecedented crisis inside Kwon’s resignation could
out, I believe that time has widen a leadership vacu-
now come for the compa- um at Samsung.
ny to start anew, with a new The company has a league
spirit and young leadership of executives who manage
to better respond to chal- day-to-day operations, but
lenges arising in the rapidly has usually relied on the
changing IT industry,” Kwon leadership and the visions
Oh-hyun, 65, said in a letter of founding family mem-
to employees. bers for direction.
Kwon plans to resign as Kwon is chairman of Sam-
head of Samsung’s semi- In this Thursday, Oct. 12, 2017 photo, Samsung Electronics’ Galaxy Note 8 is displayed in Seoul, sung’s board, but not its
conductor and compo- South Korea. overall chairman. That is
nent business and will not Associated Press Lee Kun-hee, son of the
seek re-election on the CEOs, each overseeing its 2016 and they expect Sam- “Now, the company needs company’s founder and
company’s board when his mobile phone business and sung to outdo its annual fi- a new leader more than Lee Jae-yong’s father. The
term expires in March, Sam- home appliance division. nancial results for the next ever and it is time for me to younger Lee has sought
sung said in a statement. But the chip and display di- few years, thanks to its po- move to the next chapter to fill his father’s place as
He has represented Sam- visions led by Kwon fueled sition as the world’s largest of my life,” Kwon said. the company’s since Lee
sung Electronics at various Samsung’s stunning profit maker of the semiconduc- In its earnings preview, Kun-hee was hospitalized
occasions since the com- growth this year. tor group known as memory Samsung put its July-Sep- in 2014. Lee is appealing a
pany’s heir and vice chair- Earlier Friday, Samsung said chips that are used for mo- tember operating profit at five-year prison sentence
man, Lee Jae-yong, 49, was its July-September operat- bile devices and computer 14.5 trillion won ($12.8 bil- for crimes related to a
jailed earlier this year. Lee ing profit nearly tripled over servers. Kwon, however, lion), compared with 5.2 sweeping corruption scan-
was convicted on corrup- a year earlier to a new re- thinks Samsung is in crisis trillion won ($4.6 billion) a dal that toppled South Ko-
tion charges to five years in cord, putting it on track to and urgently needs to find year earlier. Sales jumped rea’s president. Hearings
prison in August, along with report its best annual finan- new ways to fuel growth 30 percent to 62 trillion won on his appeal and those of
four other former Samsung cial results. Analysts fore- before the record-breaking ($54.7 billion). four other convicted Sam-
executives. cast Samsung’s 2017 net in- performance resulting from Prices of memory chips sung executives began
Samsung has two other come nearly doubled from earlier decisions fades. have skyrocketed globally Thursday.q

Facebook takes on food delivery,

challenges Uber and others

NEW YORK (AP) — Several food-delivery services into Most people who order
online services already of- its app and partnering with food already have ac-
fer food delivery, but that some restaurants directly. counts set up with individu-
doesn’t mean Facebook Of course, using Facebook al restaurants and delivery
won’t jump on board any- to order food might prompt apps, however. Facebook
way. users to spend more time will have to persuade
The social-media giant says perusing their news feeds them to start the process
ordering food for takeout — and seeing ads. inside its app instead of
This Jan. 17, 2017, file photo shows a Facebook logo being or delivery is complicated. U.S. Facebook users can using GrubHub, UberEats,
displayed in a start-up companies gathering at Paris’ Station It promises to help save order from local restau- Amazon or niche delivery
F, in Paris. time by bringing existing rants and big chains. services like Caviar.q
Associated Press