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Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
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Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
Jun 13, 2024 1:20 AM

SEOUL, June 13 (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.

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