Samsung Electronics vice chairman Lee Jae-yong has visited the conglomerate’s key semiconductor site and stressed the risk ahead for the business, Samsung said on Friday.
Lee visited the semiconductor research lab at its Hwaseong plant and met with senior executives there.
The vice chairman and the executives the roadmap for next-generation semiconductor development, the current state of its memory and system semiconductor businesses and mid- to long-term strategy on equipment, materials and processing technology, Samsung said.
They also discussed the current sate of the global semiconductor market and Samsung’s post-COVID-19 strategy, the South Korean tech giant said.
Samsung Electronics vice chairman met with Kim Ki-nam, CEO and vice chairman of Samsung Device Solutions (DS), Jin Gyo-young, president of Samsung’s memory business, ES Jung, president of Samsung Foundry, In-yup Kang, President of Samsung System LSI and HK Park, CFO of Samsung DS at the meeting.
Lee reportedly stressed that the company was in a crisis and that there was no time. Samsung must make future technology its own for survival, he reportedly said.
He also met with safety managers at the plant and stressed the importance of safety.
This is Lee’s fifth public visit this year. Earlier this week, Lee held relay meetings with executives of Samsung’s semiconductor business as well as those in its smartphone operation.
In May, the vice chairman visited its chip plant in Xi’an, China.
In February, Lee visited the Hwaseong plant’s extreme ultraviolet (EUV) semiconductor line. In January, he visited the company’s semiconductor lab to inspect on the progress of its 3-nanometer technology.