Intel CEO meets Samsung execs to discuss semiconductor partnership

During his visit to South Korea, Intel CEO Kissinger met with Kyung Kye-hyun, General Manager of Samsung Electronics' Device Solutions (DS) Division, and Kim Woo-joon, Director of the Network Division of the Device Experience (DX) Division, to discuss cooperation in the semiconductor field.

According to Korean media Business Korea, this is Intel's second visit to South Korea after May this year. At that time, Steve Long, head of Intel's Asia-Pacific and Japan (APJ) business, said that Intel plans to make strategic investments in Korean semiconductor companies and establish a broader The cooperative relationship will focus on supporting Korean manufacturers in the field of equipment materials and opening up the Intel supplier system to them.

It is reported that Kissinger visited Taiwan, China before visiting South Korea, and met and exchanged with supply chain manufacturers such as PCs and servers. Intel is trying to boost its manufacturing capacity as it grapples with falling revenue and a sharp drop in demand for personal computers, which account for more than half of its sales. The company said in October that actions including job cuts and slowing spending on new factories would save $3 billion next year, with annual cuts growing to $10 billion by the end of 2025.