The Galaxy-device maker's smartphone and TV divisions will now be run by a single CEO.
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The new chip plant, to be built at Taylor, Texas, will manufacture advanced logic chips.
The telco saw operating income increase 11.7% thanks to sustained growth across all its businesses during the quarter.
The South Korean telco attributed the growth to increases in 5G subscribers and two new data centres being built.
LG's operating profit was dented by the need to cover General Motors' recent recall of its Bolt EV.
Samsung's chip business contributed the lion's share of its operating income, thanks to strong sales of both memory and logic chips.
Samsung Electronics vice chairman Lee Jae-yong has been fined approximately $74,000 by a court in Seoul for illegally administering the sedative propofol.
South Korea's IT ministry is still investigating what caused KT's nationwide outage of their network.
Users of KT's network were unable to access the internet for around 40 minutes, which the telco said was caused by a 'large-scale DDoS attack'.
Samsung will likely introduce a colour customisation option for the Galaxy Z Flip 3 at the event.