Samsung’s Lee Jae-Yong visits chip R&D center to discuss future strategy

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Ever since the retrial of Samsung heir
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bribery case
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, uncertainties regarding the company’s leadership have been growing. He issued a public apology last month and had to appear in the South Korean court earlier this month, and a possible
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. Lee has been
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since his
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Today, Samsung’s Vice Chairman visited a chip R&D center in South Korea to check up on the company’s future strategy. He discussed various issues, including the ones about chips, with senior executives of the R&D center in Hwaseong towards the south of Seoul. Post-COVID-19 plans and strategies were also discussed. This is the second time Lee visited the chip R&D center and emphasized the need for future competitiveness.

Lee said, “We are in a situation facing severe risk. Our survival depends on how fast we can secure future technologies. We do not have much time.” Samsung Group heir had visited the R&D center on January 2 earlier this year. His second visit happened amid COVID-19 uncertainties and renewed China-USA trade tensions. He had
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, to oversee the expansion plan.

Samsung aims to become the number one logic chip maker by 2030 and has announced
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for improvements in logic chip designing and semiconductor manufacturing. The South Korean firm has already invested in
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and the development of advanced chip fabrication technologies such as
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and
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