Samsung to Split Into Two Major Divisions

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posted Jan 16, 2009, 8:53 AM   by Eric M. Zeman
updated Jan 16, 2009, 8:58 AM

Updated: added info.

Samsung announced a restructuring plan that has the company dividing operations in half. One half will focus on cell phones, TVs and other consumer products. It will be called the Digital Media and Communications division. The other half will focus on the manufacture of components such as displays and memory chips and will be called the Device Solution division. Samsung remains the world's largest manufacturer of Flash memory chips and LCDs. The move is being made in response to softening demand for Samsung's products.

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