Samsung Electronics Co. announced its new leadership Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field. Jun Young-hyun, vice chairman and head of the device solutions division,

Samsung also named Nam Seok-woo who has been head of chip factory engineering and operations as the Chief Technology Officer of the foundry business in a newly created role. The major reshuffle of its top rank comes as shares of the tech giant have steadily fallen since August on investor concerns that it keeps lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.