Jang Deok-hyun, President of Samsung Electro-Mechanics, "We Will Become a Top-Tier Tech Components Company... Also Considering New Businesses" (Comprehensive)

Samsung Electro-Mechanics 49th Annual General Meeting of Shareholders
Ambitions of Newly Appointed CEO Jang Deok-hyun

[Asia Economy Reporter Park Sun-mi] "We will become a ‘top-tier tech parts company’ through sustainable growth that surpasses competitors and market growth."

At the Samsung Electro-Mechanics 49th regular shareholders' meeting held at EL Tower in Yangjae-dong, Seoul at 9 a.m. on the 16th, newly appointed CEO Jang Deok-hyun expressed his aspirations for the future as follows.

CEO Jang stated, "The global economy in 2022 is expected to continue a positive growth trend, but the management environment is anticipated to be somewhat challenging due to COVID-19 variants, inflation, and supply chain disruptions," adding, "All employees at Samsung Electro-Mechanics will strive to achieve the management performance that shareholders expect."

He also said, "We will incorporate the increasingly important ESG into management decision-making to practice sustainable management," and "Under the belief that safety and environment are the first principles of management, we will create a workplace that prioritizes the safety of all employees."

He continued, "Leading tech companies with overwhelming technological capabilities have been able to grow steadily regardless of external factors," and promised, "Samsung Electro-Mechanics will focus its business capabilities on two growth pillars: next-generation IT products such as AI, cloud, and metaverse, and automotive electronics products including electric vehicles and autonomous driving, striving to become a ‘top-tier tech parts company’ through sustainable growth that surpasses competitors and market growth."

Immediately after the shareholders' meeting, CEO Jang met with reporters and revealed that additional investment plans for FCBGA, a semiconductor substrate, are also under review.

He said, "At the end of last year, we invested 1 trillion won and made an additional investment of 300 billion won in February this year. We are continuously reviewing ways to increase production capacity," adding, "Recently, all systems are being integrated on semiconductor substrates, and because of this, we predict significant demand from many customers centered on servers, networks, and high-end PCs going forward."

Regarding ongoing new businesses, he said, "We are focusing on MLCC, semiconductor substrates, and camera modules as our three main businesses while pioneering new markets," and added, "Internally, we are preparing three to four new businesses related to new markets, but it is still difficult to disclose specifics. If the opportunity arises, we will share details within this year."

Regarding the relatively low market share in the camera module sector compared to competitors, despite it being one of the core businesses, he said that improvement measures are being considered. CEO Jang explained, "A new market called autonomous driving has opened, and the camera module sector corresponds to this," adding, "To grow this, we are in discussions with various automobile companies worldwide, and I believe this field can create a new growth engine. We are working to build a better business structure."

This content was produced with the assistance of AI translation services.