Samsung Electronics Vice Chairman Lee Jae-yong Meets Intel CEO Pat Gelsinger, Promises Mutual Cooperation (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Jin-ho Kim] Samsung Electronics Vice Chairman Lee Jae-yong held a surprise meeting with Pat Gelsinger, CEO of Intel.

Vice Chairman Lee and CEO Gelsinger exchanged views on cooperation plans in various fields including next-generation memory, fabless system semiconductors, foundry, PC, and mobile, in the presence of executives from both companies.

Samsung Electronics and Intel are rival companies competing for first and second place in global semiconductor sales. Last year, Samsung Electronics recorded sales of 94.16 trillion KRW in semiconductors, overtaking Intel to reclaim the top spot.

At the meeting, the two companies emphasized their role as partners in "pioneering the future" of the semiconductor market. Samsung Electronics, the "memory powerhouse," and Intel, the "CPU powerhouse," are important partners for the future of global semiconductors.

In particular, compatibility with the CPU, which acts as the brain of computers, is very important in developing next-generation memory products such as DDR5 (for PCs and servers) and LPDDR6 (for mobile devices). The two companies continue close cooperation, including compatibility testing between memory and CPU for next-generation memory product development.

This meeting is expected to accelerate cooperation between Samsung Electronics and Intel. Cooperation between the two companies is essential for the semiconductor industry. A semiconductor industry insider said, "The semiconductor industry involves a complex business relationship where competitors are also partners," adding, "Decision-making ability and global networks of owners like Vice Chairman Lee Jae-yong are important."

Meanwhile, the meeting was also attended by Kyung Kye-hyun, head of Samsung Electronics' DS Division; No Tae-moon, head of the MX Business Division; Lee Jung-bae, head of the Memory Business Division; Choi Si-young, head of the Foundry Business Division; and Park Yong-in, head of the System LSI Business Division.

This content was produced with the assistance of AI translation services.