Samsung has been having a pretty hard time the past couple of years. Everything from lukewarm sales of its Galaxy phones to deplorable profits from its chip business has been getting in the company’s way. However, it plans to turn things around. According to a new report, Samsung hired Margaret Han, a former TSMC executive, as the new head of its US foundry.
As you may know, TSMC is the world’s biggest chip fabrication company. It builds chips for many clients around the world, and it’s been the center of several political struggles. Samsung is also a major player in the chip market, but it’s nowhere near TSMC, and its market share has been dwindling.
Even though its smartphone business brings in some money, its main source of income comes from its memory chip division. So, the company is making some changes to turn its fortunes around.
Samsung hires Margaret Han as its new foundry head in the U.S.
Much of the time, businesses don’t focus on improving their products through sheer willpower and perseverance. Sometimes, companies reach out and scoop up top minds in their fields to push their products to new heights. According to a new report, Samsung tapped Margaret Han as the new head of its U.S. foundry.
Han has been at TSMC for a staggering 21 years, so she has been in the market long enough to know what works and what doesn’t. She’s been involved in departments such as marketing, business development, and sales.
Not only does she have quite the tenure at TSMC, but she also worked for Intel as the head of Global External Foundry Sourcing and Supplier Management. She went to Intel after leaving TSMC, but her most notable achievements seem to lie with the latter.
Right now, Samsung is working on expanding its chip-making in the US. The company is currently building a Foundry in Taylor, Texas, and this facility will manufacture 4nm and 2nm nodes. So, it’s really betting on great things coming from its U.S. foundry. Maybe Han’s leadership will help rocket Samsung out of its unfortunate state.
