According to Yonhap News Agency, Lee Jae-yong, the chairman of Samsung Electronics, met with Tesla CEO Elon Musk on May 10 to discuss cooperation plans in the field of cutting-edge industries in the future. Yonhap News Agency believes that this implies that the chip maker and Tesla may establish a business partnership.
According to industry sources, Lee Jae-yong returned home on the 12th after a 22-day business trip in the United States. During this time, he also met with more than 20 CEOs of other major global companies. It is noted that the entrepreneurs, experts, and scholars he met this time were mainly related to AI, semiconductors, next-generation communications, and biology.
According to reports, Lee Jae-yong held talks with Elon Musk at Samsung Electronics’ semiconductor research center in California’s Silicon Valley on Wednesday, US time. This is also the first private meeting between Lee Jae-yong and Elon Musk. Samsung and Tesla have been seeking cooperation to develop next-generation IT technologies, including chips for fully self-driving cars, industry sources said.
Accompanying Lee Jae-yong to meet with Elon Musk were Samsung Electronics Device Solutions (DS) department head Kyung Kyung-hyun (President), Samsung Electronics Foundry Business Director Choi Si-young (President), Samsung Electronics Americas General Manager (DSA) Deputy General Manager Han Zhenwan, Samsung Display President Choi Joo-sun, Tesla Supply Chain Vice President Kahn Budiraj, Tesla Chief Technology Officer Andrew Baglino (CTO) and others also attended the meeting .
A person in the industry said: “Samsung faced the challenge of cultivating future potential businesses into new main forces when the global ICT market was in a downturn.” .”
