Samsung Electronics is reconfiguring four divisions into two, in a move to bring its consumer products under one roof and its components business under another, according to a report Friday in The Wall Street Journal
The electronics giant will house such areas as its TVs, cell phones, and other consumer electronics into one group, while the components division will now include its liquid crystal displays and semiconductors, according to the report.
Samsung's restructuring comes at a time when a number of companies are retooling their operations in an effort to minimize the effect of a slowdown in corporate IT spending and pullback from consumers.
Samsung's consumer products division will be overseen by Choi Gee-sung, who manages the company's cell phone business and is the former head of Samsung's TV and video operations. CEO Lee Yoon-woo will run the components division.
Samsung Electronics is looking into snapping up SanDisk, according to a late-Thursday post on
The South Korean consumer electronics maker confirmed that it is exploring "various opportunities" with SanDisk, but it noted that no decisions have been made, according to PaidContent, which cited an online Korean report.
Samsung reportedly is taking a look at SanDisk as a means to reduce its NAND flash memory costs, given that it pays the chipmaker roughly $354 million in annual licensing fees, according to the report. SanDisk is a strong player in the market for NAND flash memory, which is found in a variety of digital devices, ranging from cameras to music players.
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