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

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
Load 1 comments

You might also like

Samsung rival TSMC building four new 3nm semiconductor chip plants

Since the world’s reliance on technology and computing is increasing each day, semiconductor chips are i …

  • By Asif Iqbal Shaik
  • 3 days ago

TSMC to compete with Samsung by making 3nm chips this year, 2nm chips …

Samsung Foundry has been chasing TSMC in the chip manufacturing segment for quite a few years, but it hasnR …

  • By Asif Iqbal Shaik
  • 6 days ago

Samsung to get additional EUV lithography chip making equipment from A …

After having met Dutch PM, Samsung Electronics Vice Chairman Lee Jae-Yong has reportedly secured EUV lithogra …

  • By Sagar Naresh
  • 1 week ago

Samsung’s Lee discusses chip cooperation with Dutch PM Rutte

On his business trip to Europe, Samsung Electronics Vice Chairman, Lee Jae-Yong, met with the Dutch PM Mark R …

  • By Sagar Naresh
  • 1 week ago

Pardon for Samsung heir termed crucial for business growth

Calls for Samsung Group chief Lee Jae-yong to be pardoned continue to grow as the conglomerate gears up to fac …

  • By Adnan Farooqui
  • 2 weeks ago

Samsung chief may visit the Netherlands to secure chipmaking machines

Since returning back to the helm at the conglomerate, Samsung Electronics Vice Chairman Lee Jae-yong has been …

  • By Adnan Farooqui
  • 3 weeks ago