ANN/THE STRAITS TIMES – Samsung Electronics executive chairman Lee Jae-yong and Tesla chief executive officer (CEO) Elon Musk met in the United States (US) last week, according to Yonhap News Agency, which cited people in the industry as saying that the two companies are exploring partnerships to develop next-generation technologies.
Lee and Musk held the meeting at Samsung’s semiconductor research centre in Silicon Valley last Wednesday, South Korea’s Yonhap said on Sunday.
The two companies are looking at possibly joining forces to develop chips for fully autonomous vehicles, among other things, the report cited people in the industry as saying.
The global market for automotive chips is expected to rise to USD400 billion by 2024 and to jump to USD700 billion by 2028, according to Yonhap, which cited consulting firms Strategic Analytics and Research and Markets.
Lee wrapped up his 22-day visit to the US last Friday after a series of meetings with other business leaders including Microsoft CEO Satya Nadella and Google CEO Sundar Pichai, the report said.
