① Samsung Electronics is a major player in multiple popular technology fields such as storage chips, AI PC, wafer foundry, XR, etc. ② During meetings with leaders from Meta, Amazon, and Qualcomm, AI was also the most popular topic among everyone.
On June 13th, Cailian Press (editor Shi Zhengcheng) reported that Samsung Electronics, a consumer electronics and storage chip giant in South Korea, revealed on Thursday during a two-week trip to the United States, that company chairman Lee Jae-yong met again with old friend and Meta founder Zuckerberg and also met with the CEOs of Amazon and Qualcomm.
Combining Samsung's recent frequent efforts in chip foundry, AI PC, AR/VR, HBM chips and other tracks, it is not difficult to imagine that the cooperation reached by these giants in the next few months will be one after another, which will lever the sentiment of the capital market.
As of Thursday's close, Samsung Electronics rose 2.75%, continuing the recent trend of strong consumer electronics and chip concepts.
(Samsung Electronics daily chart, source: TradingView)
Invited to visit Zuckerberg's private home.
According to reports, Lee Jae-yong visited Zuckerberg's private home this Tuesday at Zuckerberg's invitation. In February of this year, Zuckerberg visited South Korea for the first time in 10 years, during which he not only visited the Blue House but also met with many local technology giants, including Lee Jae-yong. So this is also the two men's reunion after 4 months.
This is also the eighth meeting between Lee Jae-yong and Zuckerberg, during which they discussed cooperation plans in the ICT industry and software fields such as artificial intelligence and AR/VR.
Interestingly, at last month's Google Developer Conference, it was confirmed that Google was working with Samsung to develop an Android-based XR headset system, but the specifics of the progress are not clear. Earlier this year, Meta announced the opening of Horizon OS mixed reality operating system, sparking a competition between the two Silicon Valley giants for system standards and ecosystem dominance.
In addition to AR/VR collaboration, Zuckerberg has also repeatedly mentioned Samsung Electronics' chip foundry capabilities. In addition to queuing up to buy Nvidia chips, Meta also has its own AI chip MTIA, which relies on TSMC for foundry but the company has also stated that the current situation is "unstable".
According to the Science and Technology Innovation Board Daily earlier today, during the Samsung Wafer Foundry Forum held in Silicon Valley this week, Samsung Electronics announced that its sales expectations for AI chip foundry would be to increase customer numbers by four times and sales by nine times from last year by 2028.
High-level talks with Qualcomm and Amazon.
According to Samsung Electronics, Lee Jae-yong also met with the CEOs of Qualcomm and Amazon this week, discussing the expansion of cooperation in a series of fields.
From the live photos released by Samsung Electronics, it is easy to see that when meeting with Qualcomm, the executives of both sides gathered together to discuss plans for expanding cooperation in AI chips and next-generation communication chips. In addition to the chip industry, Samsung's mobile phone and computer business are also an important part of Qualcomm's AI chip strategy. The Samsung "AI phone" S24 series, which caused a sensation in the market earlier this year, uses Qualcomm Snapdragon chips in the top version.
(In addition to CEO Amon, many C-level executives from Qualcomm also attended the meeting.)
Before ending his visit to the United States, Lee Jae-yong visited Amazon's global headquarters on Wednesday and met with CEO Andy Jassy. The two discussed further cooperation on generative AI and cloud computing market prospects.