Samsung Electronics Chairman Lee Jae-yong recently met Verizon CEO Hans Vestberg to discuss how their companies can improve collaboration. Lee recently left South Korea to embark on a trip to meet Samsung's close partners and various political figures across the world.
Lee is visiting New York, Washington DC, and Silicon Valley in the US during his current business trip.
Samsung and Verizon to improve their collaboration across smartphones, wearables, and telecommunications
During his meeting with Hans Vestberg on June 4, 2024, Lee discussed next-generation communication technologies and Galaxy products. They discussed how they can use AI to improve mobile service plans and technologies. They assessed the outlook for next-generation communication technologies, discussed strategies to improve customer value through technological innovation, and talked about expanding the sales of Galaxy devices in the second half of the year.
The two bosses also discussed how they can expand the Android ecosystem for Verizon customers. Samsung's press release revealed that Lee discussed how they can help customers experience Galaxy AI features in Verizon stores in the US. Verizon is Samsung's biggest trading partner in the telecommunications business.
Our video below lets you know what Galaxy AI is and how it performs.
After meeting with Hans Vestberg, Samsung Chairman Lee said, “Let’s do the business that everyone does better than anyone else and do the business that no one can do before anyone else.” Verizon maintains close cooperation with Samsung across product categories, including networking equipment, smartphones, smartwatches, and tablets.
In 2020, Samsung Networks, Samsung Electronics' business arm that develops telecommunication hardware and software, received its biggest-ever contract worth KRW 7.9 trillion ($5.78 billion) from Verizon Communications. Thanks to this contract, Samsung Networks successfully entered the 5G networking business in the US.
During his trip to the US, he was joined by Samsung MX President TM Roh, Samsung Networks CEO Kim Woo-jun, and President, and Choi Gyeong-sik, CEO of Samsung Electronics North America.
Image Credits: Samsung
