News Summary

Samsung Electronics has established a new merger and acquisition (M&A) team within its Business Support Office to strengthen its position in the artificial intelligence (AI) sector. Led by President Ahn Jung-hyun, an experienced executive known for his role in the Harman acquisition, the team is tasked with pursuing M&A opportunities in AI semiconductors and physical AI sectors. This strategic move comes as Samsung faces pressure from shareholders to improve its stock performance and regain a competitive edge in key businesses, especially AI chips. The company’s top executives have committed to making significant efforts to enhance technological capabilities and secure meaningful M&A deals this year.