Lee Jae-Young who is Samsung Electronics Executive Chairman now is going on to trip to China for attending China Development Forum which Tim Cook who is for Apple CEO has already met there, Aa per the news media.
Lee arrived in Beijing to attend the high-profile annual forum, slated to run at the Diaoyutai State Guesthouse from Saturday to Monday, reports Yonhap news agency.
The meeting will run under the theme of “Economic Recovery: Opportunities and Cooperation”, focusing on “opportunities in the Chinese market, stabilization of global industrial chains, and green transition”, according to the organizer, the Development Research Center of China’s State Council.
Apple CEO Tim Cook, Pfizer CEO Albert Bourlaother, and Ola Kallenius, Mercedes-Benz Group AG’s chairman, are reportedly among the attendees.
During his visit, Lee was expected to meet with global and Chinese CEOs and high-ranking Chinese government officials.
The forum will take place amid mounting tension between Washington and Beijing after the US government earlier this week released national security guardrails for its Chips Act, limiting business activities of chipmakers receiving federal subsidies to block China from getting access to key chip technologies.
Samsung, the world’s largest memory chip maker, runs a chip manufacturing plant in the Chinese city of Xian, which is responsible for some 40 percent of Samsung’s global NAND flash production.
In Suzhou, the chipmaker operates a semiconductor packaging factory.
