Be the first, order the brand new Galaxy S24 FE, Galaxy Tab S10 Ultra, order the KING Galaxy S24 Ultra!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Samsung’s Lee discusses chip cooperation with Dutch PM Rutte

Business
By 

Last updated: June 15th, 2022 at 09:10 UTC+02:00

On his business trip to Europe, Samsung Electronics Vice Chairman, Lee Jae-Yong, met with the Dutch PM Mark Rutte at the latter's office in Hague, the Netherlands. As reported by Samsung (via Yonhap News Agency), Lee talked about the possibilities of expanding chip cooperation in the semiconductor industry and solving global supply chain issues.

Lee specifically asked the PM to help Samsung secure advanced chipmaking machines produced by Dutch equipment maker ASML. This business trip marks the second for Lee in the last six months. Earlier in December, Lee visited the UAE and Saudi Arabia, seeking new business opportunities.

During the current European trip, Samsung's VP is also expected to visit one of Samsung's biggest chipmaking partners, Veldhoven-based ASML, which is also the sole maker of extreme ultraviolet (EUV) lithography systems. According to Samsung, Dutch PM Rutte showed great interest in the proposition and is keen to expand cooperation with Samsung.

A few days ago, Samsung announced an investment plan of around $355 billion in semiconductor chips, displays, camera sensors, and other emerging technologies to expand its business over the next ten years. The company has played the second fiddle to market leader TSMC all these years, but it plans to overthrow its rival in the next few years.

Join SamMobile's Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business EuropeLee Jae-yongSamsung Semiconductor
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung about to cut high-ranking executive jobs across key divisions

Samsung about to cut high-ranking executive jobs across key divisions

Although Samsung recently said it has no plans to spin off its Foundry and System LSI divisions, the tech conglomerate will reportedly cut significant executive job numbers throughout its chip-making arms before the end of 2024. A new report citing industry sources says the head of the Device Solutions (DS) division, under which Samsung's semiconductor […]

  • By Mihai Matei
  • 4 days ago
Samsung maintains Global Top 5 brand status for 5th year in a row

Samsung maintains Global Top 5 brand status for 5th year in a row

Despite Samsung Electronics going through a rough patch and having to apologize to investors, customers, and employees, not everything the company did this year was questionable. The tech giants launched some amazing products and led several initiatives and tech advancements. For these reasons, the global brand consultancy firm Interbrand recognized Samsung as a Global Top […]

  • By Mihai Matei
  • 4 days ago
Samsung reportedly facing low yields of Galaxy S25’s 3nm Exynos 2500 chip

Samsung reportedly facing low yields of Galaxy S25’s 3nm Exynos 2500 chip

The phones in the Galaxy S25 lineup are expected to be the company's first to use 3nm chips. Earlier, it was rumored that Samsung would use 3nm Exynos 2500 in the Galaxy S25 and the Galaxy S25+ and the 3nm Snapdragon 8 Elite in the Galaxy S25 Ultra. However, that might change as the company […]

  • By Asif Iqbal Shaik
  • 1 week ago
Samsung launches industry’s fastest PCIe 5.0 SSD

Samsung launches industry’s fastest PCIe 5.0 SSD

A couple of months ago, Samsung announced its first PCIe 5.0 SSD, the PM9E1. Last month, it was reported that Samsung will start mass production of the new SSD with extra anti-forgery measures. The company has now announced its latest SSD's mass production has begun. Samsung PM9E1 PCIe 5.0 SSD mass production has started Samsung […]

  • By Asif Iqbal Shaik
  • 1 week ago
Galaxy Z Flip 3, Fold 3 get One UI 6.1.1 update

Galaxy Z Flip 3, Fold 3 get One UI 6.1.1 update

Samsung has finally released the One UI 6.1.1 update for the Galaxy Z Flip 3 and the Galaxy Z Fold 3. The update is now available in Europe and brings several new features to Samsung's older foldable smartphones. The update could be released in more countries soon. Galaxy Z Flip 3 and Galaxy Z Fold […]

  • By Asif Iqbal Shaik
  • 2 weeks ago
Galaxy Z Flip 5 gets first update after One UI 6.1.1

Galaxy Z Flip 5 gets first update after One UI 6.1.1

After releasing the One UI 6.1.1 update earlier this month, Samsung has now released the September 2024 security update to the Galaxy Z Flip 5. The new update is available in most markets globally, including Africa, Asia, Europe, and the USA. More details about the new update are explained below. Galaxy Z Flip 5 September […]

  • By Asif Iqbal Shaik
  • 2 weeks ago