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.” .”

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According to reports, Li Zairong is finalizing a business trip to Silicon Valley in the United States to meet with Apple CEO Tim Cook and Google CEO Sundar Pichai. The trip will last until the middle of next month. The analysis is to envision Samsung’s future business and strengthen cooperation between companies through exchanges with leaders in the information and communication technology (ICT) industry.

Industry insiders said that Lee Jae-Yong will leave for the United States as early as this weekend to accompany the president on a state visit to the United States. It is said that Lee Jae-yong’s business trip to the United States will be postponed to the second week of May (10-16). Since Lee Jae-yong’s next trial will be held on May 26, there is no obstacle for him to travel to the United States this time.

The United States is Samsung Electronics’ largest market, and its local subsidiary’s sales last year reached 86 trillion won (currently about 447.2 billion CNY). In semiconductors and batteries, Samsung has multiple investment projects underway, so Lee Jae-Yong has many unanswered questions to deal with.

Lee Jae-Yong will be on a tour of the Mideastern United States in the first week of May, starting with visits to Verizon and other U.S. telecom companies.

Lee Jae-Yong may also visit the headquarters of a biological company in the eastern United States. Moderna, based in Massachusetts, is known for its close relationship with Samsung.

After that, Lee Jae-Yong will go to the western part of the United States to visit technology giants such as Apple, Google, Microsoft, Amazon, and Tesla.

Lee is finalizing a schedule for meetings with Apple CEO Tim Cook and Google CEO Sundar Pichai, both of which are close collaborators of Samsung.

In addition, Lee Jae-Yong is expected to meet Microsoft CEO Satya Nadella and Amazon CEO Andy Jassy. Microsoft and Amazon, two of the world’s top three cloud companies, are major customers of Samsung Electronics’ memory division.

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Judging from foreign media reports, Lee Jae-yong will go to the United States with relevant personnel from South Korea on the 26th of next month, and business people from South Korea and the United States are expected to hold a roundtable meeting. During the meeting, Lee is expected to meet with Lucid executives, possibly CEO Peter Rawlinson.

Many companies under Samsung have been involved in the automotive business, including batteries and electronic components in electric vehicles. However, judging from the information mentioned in foreign media reports, during the meeting between Lee Jae-yong and Lucid executives, Only battery supply is expected to be discussed, and they are procuring batteries from Samsung SDI and LG New Energy.

Lucid is an upstart automaker headquartered in Newark, California. Founded in 2007, their electric cars are designed in California and assembled at a factory in Arizona. Lucid focuses on luxury electric vehicles. The Air electric car launched by Lucid starts at $87,400, but its performance is also relatively strong. The cruising range is as low as 410 miles and as high as 516 miles, which is a minimum of 659 kilometers and a maximum of 830 kilometers.

It is worth noting that the largest shareholder of Lucid is the Saudi Public Investment Fund. The Saudi side had previously discussed building a battery factory with Samsung in Saudi Arabia, but failed to build it due to some twists and turns encountered by Lee Jae-yong himself. If Samsung SDI can reach a cooperation with Lucid, it may help to promote cooperation between Samsung and Saudi Arabia.

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Samsung’s board met this week to set a date for this year’s shareholder meeting. According to a company statement, the board will discuss three topics at its upcoming meeting.

The three issues involved the company’s financial statements, setting a cap on executive pay and appointing Vice Chairman Han Jong-hee as an in-house executive. However, the re-joining of Lee Jae-yong to the board was not on the agenda. While there has been recent speculation that Jay Y. Lee may soon rejoin the board as a symbol of his taking on more management responsibilities, these recent reports suggest the executive chairman may not be on the company’s board this year.

The de facto leader was also left out at a meeting late last year, when CEOs from various branches of the Samsung conglomerate discussed the recession, falling semiconductor prices and the best course of action heading into 2023.

In recent months, Lee Jae-yong has made several business trips to meet with senior officials and executives and strengthen Samsung’s overseas ties. His latest 10-day business trip included visits to Malaysia, Singapore and Vietnam with the aim of identifying the next sustainable growth driver for Samsung “for decades to come”.

Last year, Lee Jae-yong also met with the head of BMW at the BMW Driving Center in Yeongjongdo to discuss cooperation on electric vehicle batteries. The de facto leader also made his first business trip to the UAE as chairman, where he attended a private forum chaired by UAE President Sheikh Mohammed bin Zayed Al Nahyan.

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