Hyun-ju Han, Gounee Yang

Global Economic News

SAMSUNG Electronics Vice Chairman Lee Jae-yong will return Korea from his business trip to the U.S. with a big vision to achieve the “system (non-memory) semiconductor vision 2030.”

The keywords of Vice Chairman Lee’s business trip to the U.S. were ‘New Samsung’ and ‘Future.’

Like the partnership between Apple and Taiwan’s No. 1 foundry TSMC, Vice Chairman Lee also met with Google and other ‘anti-Apple’ alliances to establish cooperative relationships. Vice Chairman Lee will wrap up his business trip by finalizing his decision on new U.S. foundry investments to become the No. 1 global system semiconductor manufacturer in 2030.

According to Samsung Electronics on the 23rd, Vice Chairman Lee met with officials from Google, including CEO Sundar Pichai on the 22nd (local time) to discuss ways to cooperate in next-generation software and Internet of Things (ICT) innovation.

The industry predicts that Google will be the strongest partner for Samsung Electronics, which has declared the “system semiconductor vision 2030.”

In 2019, Samsung Electronics announced a huge investment and employment plans that it will increase the investment to 171 trillion won by 2030 to become the No.1 in the system semiconductor market.

Google has signed an “Android partnership” with Samsung Electronics, and is fiercely competing with Apple. In particular, Samsung Electronics is highly likely to produce APs (Application Processors) to be installed in Google’s smartphone “Pixel 6,” which is scheduled to be released later this year.

(SD-Agencies)