Samsung in search of new growth engines with new taskforce!

Samsung Electronics has recently come up with large acquisition deals in the global market under the leadership of the vice-chairman Han Jong-hee, the company has disclosed today.

According to the Korea Times, Samsung Electronics has appointed Kim Jae-Yoon as the new leader of the task force. The new team will comprise 10 new members, which are going to handle the company planning and strategy making department.

Samsung might have done this latest reshuffling as its efforts to crack large acquisition deals in the global market, but it remained cautious while disclosing its future agenda.

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Samsung in search of sustainable growth engines?

Samsung is presently working on improving its digital design. Improving its high-performance computing infrastructure. Working on the latest QLEDs to make it thinner and slimmer. Continuously doing lots of innovation to improve the battery performance of its device.

After conquering the single fold and double fold display technology presently working on advanced triple-fold display technology. Any of these things can be a possible growth engine for Samsung in the present year 2022.

Samsung is ambitiously moving towards its goal and aims to more acquisitions in the upcoming days. Samsung Electronics is currently having 125 trillion won (98 billion dollars) in its pocket but has not done any successful corporate acquisition deals after taking over the global sound technology company Harman for 8 billion US dollars in 2016.

The present-day competition in smartphones, TVs, and memory chip production is the faster-growing call for the industry, possibly the next growth engine for Samsung.