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Semiconductors

Samsung's Lee and Intel CEO Gelsinger hold semiconductor talks

Top executives explore chip cooperation amid global supply chain pressures

Intel CEO Pat Gelsinger, left, and Samsung Vice Chairman Lee Jae-yong, right, have met after President Joe Biden recently emphasized the need for technology partnerships between the U.S. and South Korea.

SEOUL -- Samsung Electronics said on Tuesday that Vice Chairman Lee Jae-yong has met with Intel CEO Patrick Gelsinger to discuss how to work together in a wide range of semiconductor businesses, as competition heats up among industry leaders including Taiwan Semiconductor Manufacturing Co. amid global supply chain woes.

"Samsung Electronics Vice Chairman Lee Jae-yong met Intel CEO Patrick Gelsinger" during the latter's visit to South Korea on Monday, Samsung said in a statement. "They discussed how to cooperate between the two companies."

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