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Samsung Electronics Appoints New Head of Key Business Support Office

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Samsung Electronics has appointed HK Park as the new head of its Business Support Office, the company’s central decision-making body that serves as a key coordination hub for chairman Jay Y. Lee and Samsung Group’s vast network of affiliates.

The unit, recently upgraded from a task force into a full-fledged office, functions as a strategic control tower across South Korea’s largest conglomerate, whose businesses span semiconductors, smartphones, shipbuilding, and pharmaceuticals.

Park, a former chief financial officer (CFO) at Samsung Electronics, joined the Business Support Task Force a year ago before being promoted to lead it. His appointment marks the first major leadership reshuffle since the office’s formation, following Samsung’s 2017 decision to dissolve its previous corporate nerve center after it became embroiled in a high-profile graft scandal.

Park replaces Chung Hyun-ho, who will now serve as an advisor to Chairman Jay Y. Lee. According to Samsung, Vice Chairman Chung, 65, “expressed his intention to step down from management to focus on nurturing future leaders, as Samsung’s business has been back on track.”

The company also said it has no plans to expand personnel at the Business Support Office at this time.

The leadership change underscores Samsung’s efforts to streamline its internal governance while maintaining close coordination across its many divisions — from memory chips and displays to consumer electronics — at a time of intense global competition and rapid AI-driven transformation.

Nexperia China Says It Has Ample Inventories After Dutch Parent Halts Wafer Supplies

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Nexperia’s China division said on Sunday it has built up sufficient inventories and secured its supply chain after the Dutch parent company suspended wafer shipments to its Chinese assembly facilities. The unit assured customers that production and deliveries would continue as planned despite the disruption.

The Dutch chipmaker halted wafer supplies on October 26, citing what it called the Chinese unit’s failure to comply with agreed payment terms. Nexperia China, however, rejected the accusation, calling the move “unilateral” and “extremely irresponsible,” and describing the payment-related claims as “misleading and highly deceptive.”

The dispute follows months of political tension after Dutch authorities took control of Nexperia from its Chinese owner, Wingtech, in September over national security concerns about potential technology transfers. In response, Beijing temporarily blocked the company’s products from being exported.

Nexperia China said it has “proactively initiated contingency plans” and is working to qualify new wafer suppliers, adding that existing inventories would sustain production “through year-end and beyond.” The company expects to meet full customer demand starting next year.

Nexperia produces inexpensive but essential power-control chips — such as transistors and diodes — widely used across consumer electronics and the automotive industry. Automakers have warned that any prolonged supply disruption could affect production.

Nvidia CEO Hopes to Sell Blackwell Chips in China but Says Decision Rests with Trump

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Nvidia CEO Jensen Huang said on Friday that he hopes the company’s latest Blackwell AI chips can eventually be sold in China, but acknowledged that the decision ultimately depends on U.S. President Donald Trump. Speaking during his first official visit to South Korea in over a decade, Huang expressed optimism following recent talks between Trump and Chinese President Xi Jinping but said he was not briefed on their discussion details.

Trump told reporters after the meeting that semiconductors were discussed and that China “will be talking to Nvidia and others about taking chips,” but clarified, “We’re not talking about the Blackwell.”

Huang emphasized that restoring Nvidia’s presence in China would benefit both nations. “We’re always hoping to return to China. It’s in the best interest of the United States and of China,” he said.

Tensions over China’s access to Nvidia’s high-end chips remain a major flashpoint in U.S.-China relations. Washington has placed export restrictions on Nvidia’s most advanced AI processors to curb Beijing’s technological and military advancements. Huang has previously urged the Trump administration to relax those restrictions, arguing that Chinese reliance on U.S. hardware strengthens America’s influence.

Nvidia is developing a new chip for the Chinese market based on its Blackwell architecture that will comply with U.S. regulations but remain more capable than current export-approved models. However, Beijing has cooled toward Nvidia’s offerings, instead backing domestic alternatives like Huawei, which has recently announced plans to compete head-to-head with Nvidia in AI hardware.