SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Samsung Electronics recently carried out a surprising reshuffle of its executives in the company’s chip development unit. It has replaced some of the key execs due to the low yield that was said to be below the expectation.
Samsung Electronics vice chairman, Jay Y. Lee, heads to the Netherlands to visit Advanced Semiconductor Materials Lithography or ASML Holding NV, a Dutch semiconductor company, shortly after assigning new leaders for Samsung’s chip development division.
ASML is also the leading producer of extreme ultraviolet light (EUV) scanners in the world. This is a crucial material for the production of advanced chips. According to The Korea Economic Daily, Lee’s first stop for his business trip is the Netherlands, and this comes two weeks after the Samsung Group revealed its massive 5-year investment plan where it will be spending KRW450 trillion or around $355 billion for its projects.
Lee’s business trip was scheduled from June 7 to June 18, and he left the company after replacing 10 high-ranking executives in the chip unit. Apparently, the Samsung vice chairman replaced them after holding them accountable for the disappointing yield of its new mobile application processor that is under development.
The said chip has been named “Exynos,” and it was originally meant to be used for Samsung’s Galaxy S22 mobile phone units that were released earlier this year. However, because of the very low production yield, the company was forced to use Qualcomm’s Snapdragon processors instead.
In any case, it was reported that the employee reshuffle was very unexpected, and it involves another 10 personnels aside from the 10 executives. Lee also replaced Samsung Electronics’ flash chip development head and the foundry business chief.
Korea Joongang Daily reported that Samsung Elec confirmed it made changes in its staffing; however, it denied that the reshuffle was due to problems in the business. Rather, the company’s spokesperson said that it was primarily done “to revitalize the business division.
Song Jai Hyuk has been appointed to be the new executive vice president of Samsung’s Semiconductor R&D Center, while the foundry will be headed by EVP Nam Seok Woo. Lastly, Kim Hong Sig will be the new head of the Foundry Technology Innovation Team.
