Facing the storm: Port Royal residents brace for Hurricane Melissa
Residents of the historic coastal town of Port Royal worked to secure boats and homes on Sunday, 26 October as Hurricane Melissa churned toward Jamaic...
amsung Electronics announced on Tuesday that co-CEO Han Jong-hee had passed away due to a heart attack, leaving newly appointed CEO Jun Young-hyun in sole charge of the company. Han, 63, had led Samsung since 2022 and was responsible for its consumer electronics and mobile devices division.
Jun, who was appointed co-CEO just last week following his promotion to head Samsung's semiconductor division in 2024, will now take over as the sole CEO of the company. This transition comes as Samsung faces challenges in its semiconductor business, particularly in the global artificial intelligence (AI) chip market, where it lags behind competitors like SK Hynix and TSMC.
Han's sudden passing could have a significant impact on Samsung's strategy, particularly in its marketing and global business efforts. Having joined the company nearly 40 years ago, Han was instrumental in building Samsung’s TV business into a global powerhouse. Analysts note that his absence might also affect Samsung’s home appliance division, which faces ongoing challenges related to tariffs and trade tensions.
At the company's recent shareholder meeting, Han acknowledged that 2025 would be a difficult year and assured investors that Samsung would adapt to challenges posed by U.S. tariffs and the evolving global market. Samsung has struggled to capitalize on the booming AI market, leading to one of the worst-performing tech stocks of the past year. Han had apologized for the company's failure to respond adequately to the demands of the AI semiconductor market.
Han was scheduled to attend the launch event for new home appliances on Wednesday but was unable to attend due to his sudden passing. Samsung has not yet named a successor to Han's position, and the company is focused on navigating its current challenges, including a push into the automotive electronics sector to drive future growth.
In the wake of Han's death, attention has also turned to Samsung’s chairman, Jay Y. Lee, who is currently in China attending the China Development Forum. Lee has faced ongoing legal battles but was recently cleared of charges related to his succession of the family-owned conglomerate.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Residents of the historic coastal town of Port Royal worked to secure boats and homes on Sunday, 26 October as Hurricane Melissa churned toward Jamaica, bringing fears of flooding and powerful storm surge.
Early results in Argentina's legislative elections on Sunday showed a landslide victory for President Javier Milei as voters overwhelmingly backed his free-market reforms and deep austerity measures, providing a strong boost for the libertarian leader to continue his economic overhaul.
A Czech fundraising drive has raised more than €500,000 in 48 hours to buy a Flamingo cruise missile for Ukraine, organisers said.
Democratic California Governor Gavin Newsom said in a Sunday interview that he is considering a run for the U.S. presidency in 2028, adding that he will make a decision after the 2026 midterm elections.
Argentines headed to the polls on Sunday for midterm legislative elections, a key test of President Javier Milei’s sweeping free-market reforms and austerity drive, and a measure of whether he retains enough political momentum to push forward with his economic overhaul.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment