Samsung’s Lee meets with Tesla CEO Musk to discover doable collaborative alternatives

The 2 corporations are presumably becoming a member of forces to develop chips for totally autonomous autos amongst different issues, the report cited individuals within the trade as saying. The worldwide marketplace for automotive chips is anticipated to rise to $400 billion by 2024 and to leap to $700 billion by 2028, in response to Yonhap, which cited Strategic Analytics and Analysis and Markets.

Lee wrapped up his 22-day go to to the US on Friday, after a collection of conferences with different enterprise leaders together with Microsoft Corp. CEO Satya Nadella and Google CEO Sundar Pichai, the report stated. The Wednesday assembly was Lee’s first non-public one with Musk, in response to Yonhap.