Samsung Electronics said its chairman Lee Jae-yong met with Tesla CEO Elon Musk earlier this week, referring to a “potential partnership” between the world’s leading chip maker and electric car giant Tesla. .
Lee held the meeting with Musk at Samsung’s Semiconductor Research Center in Silicon Valley, California. It was the first time the two had a private meeting, although they have met at other events, according to the agency, which was published on Sunday. Yonhap, and Al Arabiya.net reviewed it.
Industry sources said Samsung and Tesla are seeking partnerships in developing next-generation IT technologies, including chips for self-driving cars.
Industry watchers said the recent meeting could pave the way for the two companies to expand their partnership in the automotive chip sectors, as the global automotive chip market is expected to reach $400 billion in 2024 and reach $700 billion in 2028.
This is not the only meeting of the Samsung chief during his US tour, as he held a series of meetings with other business leaders, including the CEO of Microsoft and the head of Google, according to the source.