financetom
Technology
financetom
/
Technology
/
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 1:20 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.

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 >
Is the Market Bullish or Bearish on Paycom Software?
Is the Market Bullish or Bearish on Paycom Software?
May 26, 2025
Paycom Software's ( PAYC ) short percent of float has risen 6.18% since its last report. The company recently reported that it has 1.77 million shares sold short, which is 3.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.08 days to cover their short positions on average. Why Short...
Demystifying Marvell Tech: Insights From 18 Analyst Reviews
Demystifying Marvell Tech: Insights From 18 Analyst Reviews
May 26, 2025
Ratings for Marvell Tech ( MRVL ) were provided by 18 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Microsoft's Options: A Look at What the Big Money is Thinking
Microsoft's Options: A Look at What the Big Money is Thinking
May 26, 2025
Whales with a lot of money to spend have taken a noticeably bearish stance on Microsoft ( MSFT ). Looking at options history for Microsoft ( MSFT ) we detected 65 trades. If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 43% with bearish. From...
Demystifying First Solar: Insights From 32 Analyst Reviews
Demystifying First Solar: Insights From 32 Analyst Reviews
May 26, 2025
In the latest quarter, 32 analysts provided ratings for First Solar ( FSLR ) , showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 15...
Copyright 2023-2026 - www.financetom.com All Rights Reserved