Best buy guide: Galaxy Watch 6 or Galaxy S24+. Woo-hoo join SamMobile on WhatsApp or Telegram!

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

Notifications
    News for you

    Samsung heir Lee Jae-Yong returns after meeting Dutch chipmaking equipment firm

    Business
    By 

    Last updated: October 14th, 2020 at 09:31 UTC+02:00

    Samsung Electronics Vice Chairman, Lee Jae-Yong, had travelled to the Netherlands to meet the top officials of ASML Holding N.V., which is the world's leading firm in the photolithography segment. The company makes critical components and equipment that are required to manufacture semiconductor chips.  Lee has now returned to South Korea after the important meeting.

    Lee met with ASML's CEO Peter Wennink and CTO Martin Van Den Brink. The meeting was held at ASML's headquarters in Eindhoven in the Netherlands, and the discussions included the supply of equipment necessary for 7nm EUV and lower processes, cooperation on advanced chip manufacturing technology, and the effects of the COVID-19 pandemic on the chip industry. Lee also visited ASML's plant to check EUV equipment.

    The South Korean tech giant has been working with ASML since 2000 to improve its chip manufacturing processes. The company even made a strategic investment in ASML in 2012 but sold half of its stake in 2016. Lee had med ASML CEO in South Korean in November 2016 and then in Paris in February 2019. Samsung is trying to boost its competitiveness in the storage and logic chip segments, and trying to catch up with market leader TSMC.

    Samsung said in a statement, “EUV lithography is an essential technology to make advanced chips used for artificial intelligence, 5G and autonomous driving applications. Samsung and ASML have been working together to solve technical issues related with EUV technology.

    Recently, Samsung Foundry bagged chip-making contracts from the likes of IBM, Nvidia, and Qualcomm. The company is expected to unveil its first 5nm chipset, the Exynos 1080, for smartphones. However, the Exynos 1080 is not its flagship chipset. The company is expected to unveil the 5nm Exynos 2100 a few weeks before the announcement of the Galaxy S21 series.

    Lee Jae-Yong At ASML Plant Checking EUV Equipment

    Via Business Lee Jae-yongSamsung Foundry

    You might also like

    Samsung boss shores up alliance with Zeiss for advanced chip manufacturing

    Samsung boss shores up alliance with Zeiss for advanced chip manufacturing

    Samsung Electronics is shoring up its ties with Zeiss, the only supplier of optical systems to EUV chipmaking machine manufacturer ASML, in a bid to strength its next-gen chip manufacturing capabilities. The company's executive vice chairman Lee Jae-yong met with Karl Lamprecht, CEO of Zeiss, during a visit to Zeiss headquarters in Oberkochen, Germany. The […]

    • By Adnan Farooqui
    • 3 hours ago
    Samsung rival introduces cheaper 4nm chips, vows to bring 1.6nm chips in 2026

    Samsung rival introduces cheaper 4nm chips, vows to bring 1.6nm chips in 2026

    Samsung Foundry and TSMC are the world's most advanced contract chip manufacturers, and TSMC has had the upper hand over the past few years. While Samsung has been trying to up its game, it hasn't succeeded. With its 3nm chip fabrication process, the South Korean firm had hoped to win back big-name clients, but even […]

    • By Asif Iqbal Shaik
    • 3 days ago
    Apple iPhones to get 2nm chips before Galaxy phones

    Apple iPhones to get 2nm chips before Galaxy phones

    In 2022, TSMC announced that its 2nm fabrication process, dubbed N2, will be ready for mass production by 2025. Soon after that, it was reported that the chipset in Apple’s iPhone 17 Pro series phones would be the first to use TSMC’s 2nm fabrication process. However, after that, we didn’t get any update on the […]

    • By Abid Iqbal Shaik
    • 1 week ago
    Samsung boss Lee Jae-yong becomes South Korea’s richest person

    Samsung boss Lee Jae-yong becomes South Korea’s richest person

    Samsung Electronics chairman Lee Jae-yong has topped Forbes' list of South Korea's wealthiest people for the first time in his life. Lee's net worth is KRW 15.81 trillion ($11.5 billion), which has recently risen by $3.5 billion. Lee Jae-yong becomes South Korea's richest person for the first time The increase in Lee Jae-yong's net worth […]

    • By Asif Iqbal Shaik
    • 1 week ago
    Samsung is under emergency mode, switches to six-day workweek

    Samsung is under emergency mode, switches to six-day workweek

    Last year was bad for Samsung. Its revenue and profit took extreme hits, and the company has been under pressure from competition and the global economic downturn. While its profit increased in the first quarter of this year, Samsung has reportedly switched to a six-day workweek to inject a sense of crisis in its employees. […]

    • By Asif Iqbal Shaik
    • 1 week ago
    Galaxy S25’s Exynos 2500 to be more efficient than Snapdragon 8 Gen 4

    Galaxy S25’s Exynos 2500 to be more efficient than Snapdragon 8 Gen 4

    Samsung is developing the Exynos 2500 chipset, which it could offer with the Galaxy S25 series smartphones in some regions. Last year, the company confirmed that it would make the upcoming chipset on Samsung Foundry’s second-generation 3nm fabrication process, which is expected to offer better power efficiency than not only Samsung’s 4nm fabrication process that […]

    • By Abid Iqbal Shaik
    • 1 week ago