financetom
Business
financetom
/
Business
/
Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
Jun 13, 2024 1:32 AM

SEOUL (Reuters) - Samsung Electronics ( SSNLF ) said on Thursday its chairman met with the heads of Meta, Qualcomm ( QCOM ) and Amazon ( AMZN ) this week to discuss cooperation and that topics included artificial intelligence, cloud services and chips.

Meta's Mark Zuckerberg invited Jay Y. Lee to his home on Tuesday and their discussions spanned AI as well as virtual and augmented reality, Samsung said in a statement.

Lee also met with Amazon ( AMZN ) CEO Andy Jassy and Qualcomm ( QCOM ) CEO Cristiano Amon to discuss cooperation in semiconductors, including memory chips for Amazon's ( AMZN ) data centres and cloud services as well as chip contract manufacturing for Qualcomm's ( QCOM ) mobile processors, Samsung said.

The South Korean tech giant plans to hold a company-wide strategic meeting around the end of June which will be informed by Lee's discussions on cooperation with the three U.S. firms, it added.

Lee is on a two-week visit to the United States.

Samsung has lost ground compared to competitors in chips, especially high-end memory for AI, and its newly appointed head of its semiconductor division has called on staff to pull together to overcome a raft of challenges.

Amazon ( AMZN ) is a key Samsung client for chips and the two firms also work together in various fields such as TV, mobile and content.

Samsung's high-end smartphones use Qualcomm's ( QCOM ) Snapdragon mobile processors, and the companies have recently expanded their partnership to AI-enabled PCs.

Meta is also a Samsung chip client and it has worked with Samsung on the South Korean firm's Gear VR headset and foldable smartphones.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brazil's three largest telecom operators to block X starting at midnight, local media reports
Brazil's three largest telecom operators to block X starting at midnight, local media reports
Aug 31, 2024
SAO PAULO, Aug 30 (Reuters) - The three largest telecom operators in Brazil have informed telecom regulator Anatel that they will block access to messaging platform X in Brazil starting at midnight local time, locals news site UOL reported on Friday, citing information from Anatel. The three operators are TIM Brasil, backed by Telecom Italia; Telefonica Brasil ( VIV ),...
Ford to recall 90,736 vehicles over engine valve issue, US regulators say
Ford to recall 90,736 vehicles over engine valve issue, US regulators say
Aug 31, 2024
(Reuters) - Ford will recall 90,736 vehicles as engine intake valves in the vehicles may break while driving, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. The recall impacts certain 2021-2022 Bronco, F-150, Edge, Explorer, Lincoln Nautilus, and Lincoln Aviator vehicles equipped with either a 2.7L or 3.0L Nano EcoBoost engine, the NHTSA said. As part of the...
China's August manufacturing slips to 6-month low
China's August manufacturing slips to 6-month low
Aug 31, 2024
BEIJING (Reuters) -China's manufacturing slowed to a six-month low in August, an official factory survey showed on Saturday, raising expectations policymakers will unveil fresh plans to direct more stimulus to households and less to infrastructure projects. The official purchasing managers' index (PMI) declined for a fourth month to 49.1 in August from 49.4 in July, below the 50-mark separating growth...
Clear Secure Insider Sold Shares Worth $2,401,247, According to a Recent SEC Filing
Clear Secure Insider Sold Shares Worth $2,401,247, According to a Recent SEC Filing
Aug 31, 2024
05:07 PM EDT, 08/30/2024 (MT Newswires) -- Kenneth L. Cornick, 10% Owner, Director, President & CFO, on August 29, 2024, sold 79,935 shares in Clear Secure ( YOU ) for $2,401,247. SEC Filing: https://www.sec.gov/Archives/edgar/data/1856314/000095014224002307/xslF345X05/es240525562_4-cornick.xml Price: 30.50, Change: +0.11, Percent Change: +0.36 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved