Samsung Needs To Change To Keep Up With AI Development

Seoul: Samsung Electronics, the world's largest memory chipmaker, appears to have fallen into a "crisis" amid challenging market conditions and disappointing quarterly performances.

Particularly due to its recent loss of leadership in the high bandwidth memory (HBM) segment, concerns have intensified over the company's potential decline in the semiconductor industry, where it has held the No. 1 position in the memory chip market since the early 1990s.

Lin Hong-wen, a senior journalist at Taiwan's Business Today and an expert on the chip industry, pointed to several long- and mid-term challenges on global and regional levels that he said weighed heavily on Samsung Electronics. "'The rise of China' dealt a direct blow to Samsung," Lin said in an interview with Yonhap News Agency ahead of the inaugural Yonhap News Future Economic Forum, set to be held next Thursday in Seoul. "China is competing with Samsung in multiple sectors, including mobile phones, panels and memory chips," he said.