Author Atkinson | Release Date August 2, 2024 7:00 | Category Samsung, Corporate Governance, Semiconductors
Bloomberg reported that Jun Young-hyun, the head of Samsung's chip business, recently sent a letter to employees, sternly warning that if the company's culture is not reformed, it will fall into a serious vicious cycle.
Jun Young-hyun said that the recent performance rebound was due to the memory market, and in order to maintain this performance, Samsung must take measures to eliminate departmental communication barriers and stop the bad habits of concealing or avoiding problems.
Samsung released its financial report this week, showing the fastest net profit growth since 2010, but Jun Young-hyun listed a series of issues that are eroding Samsung's long-term competitiveness. It is necessary to rebuild the intense debate culture unique to the semiconductor industry. If the company relies on market recovery and does not restore its basic competitiveness, it will fall into a vicious cycle and repeat past mistakes.
Samsung is also striving to close the gap with its competitors. In terms of wafer foundry, efforts are being made to improve the maturity of the 2-nanometer process to meet the high performance and low power requirements of advanced processes. In the third year of the first generation 3-nanometer GAA process, the yield has matured and mass production will begin in the second half of the year. In the memory area, efforts are being made to narrow the gap with SK Hynix's HBM. Bloomberg reported that Samsung has already obtained certification for HBM3 chips from Nvidia, with certification for the next generation HBM3E expected in two to four months.
Jun Young-hyun emphasized that Samsung is facing a challenging situation, but with accumulated experience and technology, he is confident that the company can quickly regain its advantage.
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