Samsung Lee Begins Europe Trip, Eyes Arm Acquisition

According to Korean media reports, Samsung Electronics Vice Chairman Lee Jae-yong has ended his North American trip and arrived in the UK by chartered flight.

According to reports, Lee Jae-yong originally planned to meet the new British prime minister to promote the Busan World Expo, but the meeting with the prime minister became uncertain due to the sudden death of Queen Elizabeth II on the 8th.

However, Lee Jae-yong will also arrange business activities during his trip, and Korean media speculate that he will evaluate the possibility of acquiring Arm during his visit to the UK

The Korean media also mentioned that Samsung has a friendly relationship with the British royal family. In 1995, Queen Elizabeth II of the United Kingdom attended the completion ceremony of Samsung Electronics’ Wynyard Electric Factory in the United Kingdom and delivered a congratulatory message, pressing the switch with the late Samsung Chairman Li Jianxi. The production line was launched, and Lee Jae-yong may attend the Queen's funeral during this visit.