Samsung CEO Lee Jae-yong may discuss ARM acquisition

The South Korean government announced the amnesty list for “Liberation Day”. Among them, Samsung Electronics Vice Chairman and Samsung Head Lee Jae-yong was granted amnesty and reinstatement and was no longer restricted from practicing.

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Since then, Lee Jae-yong has returned to the front line of business, attended the groundbreaking ceremony of the new semiconductor research and development (R&D) center on August 19, and met with Bill Gates, who visited South Korea, on August 16.

Moreover, after visiting Mexico and Panama, Lee Jae-yong started his European itinerary and arrived in the UK. It is reported that Lee Jae-yong will promote Busan’s bid to host the 2030 World Expo during this trip, and may attend the funeral of Queen Elizabeth II on September 19.

In this regard, a Samsung spokesman confirmed that Lee Jae-yong will stay in the UK, but declined to explain the purpose of his visit. According to reports, Lee Jae-yong may discuss the acquisition of ARM, a British semiconductor intellectual property (IP) provider, during this visit.

According to a previous report, on May 30, Lee Jae-yong and Intel CEO Pat Gelsinger held a meeting, at which the two sides may discuss joint investment in ARM. In September 2020, Nvidia announced that it would acquire the UK-based company, but the attempt failed after antitrust scrutiny in multiple countries. Since then, SK Hynix, Intel, and Qualcomm have also issued similar announcements.

(via)