SEOUL -- Just days after the U.S. launched its latest crackdown on Huawei Technologies, the head of South Korea's biggest conglomerate showed up in China on a surprise three-day visit. Dressed in a white helmet, mask and yellow vest, Samsung Electronics Vice Chairman Lee Jae-yong toured the company's newest chip factory in Xian, Shanxi Province, inspecting production lines and meeting with important local officials.
"There is no future if we are caught in the past or rest on our laurels," Lee said during his tour. "We should be prepared preemptively for the upcoming huge change to make new growth engines. We have no time. We should not lose the timing."