Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm

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Samsung Electronics News

Amazon,Qualcomm,Jay Y. Lee

Samsung Electronics said on Thursday its chairman met with the heads of Meta, Qualcomm and Amazon this week to discuss cooperation and that topics included...

SEOUL - Samsung Electronics said on Thursday its chairman met with the heads of Meta, Qualcomm and Amazon this week to discuss cooperation and that topics included artificial intelligence, cloud services and chips.

The South Korean tech giant plans to hold a company-wide strategic meeting around the end of June which will be informed by Lee's discussions on cooperation with the three U.S. firms, it added.Samsung has lost ground compared to competitors in chips, especially high-end memory for AI, and its newly appointed head of its semiconductor division has called on staff to pull together to overcome a raft of challenges.

Meta is also a Samsung chip client and it has worked with Samsung on the South Korean firm's Gear VR headset and foldable smartphones.Apple's Vision Pro mixed-reality headset will be available for pre-order in China starting on Friday, four months after the gadget went on sale in the US. Each customer is limited to purchasing two headsets and shipments start on June 28, according to Apple's website.

The $3 trillion market- value club now has three members: Microsoft, Nvidia, and Apple. “We believe over the next year the race to $4 Trillion Market Cap in tech will be front and center between Nvidia, Apple, and Microsoft,” wrote Wedbush analyst Daniel Ives in a research note. Extrapolating from current trends would suggest Nvidia will get to $4 trillion first.After years of hard work and loyalty, some computers must finally retire.

 

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