Chairman Lee Jae-yong starts business with local partners after meeting with Chinese economy ministers

*This content was translated by AI.

Samsung Electronics Chairman Lee Jae-yong, who completed the "China Development Forum (CDF) 2026" schedule, will begin his business with local partners this week.

According to the business community on the 25th, Chairman Lee wrapped up his CDF schedule in Beijing, China, on the 22nd and 23rd, and began a full-fledged business meeting with partners in China from the 24th. It is expected to expand cooperation in major business areas such as electric field (electronic and electrical equipment for vehicles), semiconductors, and artificial intelligence (AI) in China.

Chairman Lee is expected to stay in China for the next few days, and is likely to visit the headquarters and production bases of partners located in various parts of China, including Beijing, where the CDF was held.

First of all, we can visit electric vehicle companies such as Xiaomi and BYD to discuss ways to cooperate on the battlefield. Multilayer ceramic capacitor (MLCC), a current control component for electric vehicles of Samsung Electro-Mechanics, is a representative field of cooperation in electric vehicles.

Chairman Lee visited BYD headquarters in March last year and met with BYD Chairman Wang Chuan-fu, and in April of the same year, Samsung Electro-Mechanics received final approval for MLCC supply from BYD and began full-scale delivery. Chairman Lee also met with Xiaomi Chairman Lei Jun on his way to China at the time and reportedly discussed ways to cooperate in the battlefield business.

Baidu and ByteDance are concentrated in Beijing, and there is a possibility that Chairman Lee will visit these companies to discuss cooperation in semiconductor and AI fields.

In addition, there are observations that Chairman Lee will inspect local semiconductor production lines. Samsung Electronics is operating a global NAND flash plant in Xian, China, and a semiconductor post-processing (packaging) plant in Suzhou.

As demand for semiconductors has soared due to the recent spread of AI, there is a possibility that local semiconductor production strategies will be checked and mid- to long-term investment directions will be discussed.

China's National Development and Reform Commission said on the 24th that the head of the National Development and Reform Commission met with Chairman Lee to discuss the macroeconomic situation in China and Samsung's work in China.

"The National Development and Reform Committee welcomes Samsung to further expand investment cooperation with China by taking the opportunity for China to continue to expand its opening to the outside world and strengthening its confidence and determination on development in China," Chung said. "We welcome the active protection of global semiconductor industrial network and supply network stability and the realization of mutual benefit and win-win."At the CDF event, I met with global businessmen and high-ranking Chinese officials to network. Chairman Lee was seen shaking hands with Chinese officials through some foreign media.

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*This content was translated by AI.