Intel CEO "Visiting Korea at Year-End... Aiming for 2nd Place in Foundry"
June Korea Visit Canceled: "No One to Meet in Korea"
"Foundry Orders Worth $15 Billion" Confidence
Pat Gelsinger, CEO of Intel, explained the reason behind the cancellation of his visit to Korea by saying, "The person I want to meet is not in Korea."
CEO Gelsinger made this statement during a press conference held after delivering the keynote speech at 'Computex 2024' at the Nangang Exhibition Center in Taipei, Taiwan, on the 4th. Earlier, it was reported that after completing his schedule at Computex in Taiwan this month, CEO Gelsinger would visit Korea to attend the 'Artificial Intelligence (AI) Summit' hosted by Intel Korea in Seoul on the 5th. However, the visit was suddenly canceled at the end of last month. The keynote speech presenter originally scheduled to be CEO Gelsinger was also changed to Justin Hotard, Senior Vice President of Intel’s Data Center and AI Group.
Following the sudden schedule change, speculation arose within the domestic industry that it might be related to the recent replacement of the head of Samsung Electronics’ Device Solutions (DS) division. On the 21st, Samsung Electronics replaced the head of the DS division, which oversees semiconductor business, from President Kyung Kye-hyun to Vice Chairman Jeong Young-hyun. Although not explicitly stated, the person CEO Gelsinger referred to is presumed to be either President Kyung, Samsung Electronics Chairman Lee Jae-yong, or Naver CEO Choi Soo-yeon.
CEO Gelsinger emphasized, "Although I will not stop by Korea on this trip, I will visit Korea by the end of this year," adding, "Korea is very important to Intel in many ways, and we have very important relationships with many tech companies and clients in Korea."
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "To Get Revenge on Ex-Girlfriend" US McDonald's Manager Spits on French Fries
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Regarding the increasingly intense foundry competition, he stated, "In the next 10 years, we will rank second in the overall foundry market and first in the system foundry market," emphasizing, "The foundry orders we have received from external sources amount to $15 billion (approximately 20.655 trillion KRW). We will continue to advance our production processes."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
