Samsung's Lee expected to meet MS, ASML CEOs this week - Yonhap News Agency

SEOUL, Nov. 14 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong volition conscionable main enforcement officers of Microsoft and spot instrumentality shaper ASML aboriginal this week, sources said Monday.

Microsoft CEO Satya Nadella volition get successful Seoul connected Wednesday to be the Microsoft Ignite Spotlight connected Korea, an yearly league for developers and IT professionals. Nadella past visited Seoul successful 2018.

Lee met with Nadella successful November during his overseas concern travel to sermon expanding concern practice successful next-generation exertion sectors, specified arsenic virtual and augmented reality, and the metaverse.

Lee is besides expected to conscionable Peter Wennink, CEO of Dutch semiconductor instrumentality shaper ASML, connected Wednesday.

ASML is the world's sole shaper of utmost ultraviolet (EUV) lithography machines, captious to making precocious chips. South Korea is 1 of the company's largest markets, wherever manufacture leaders, Samsung Electronics Co. and SK hynix Inc., are located.

The Dutch steadfast is acceptable to clasp a groundbreaking ceremonial connected that time for a mega spot clump successful the metropolis of Hwaseong, immoderate 40 kilometers southbound of Seoul.

ASML is investing 240 cardinal won (US$181 million) for the 16,000-square-meter ASML Hwaseong semiconductor cluster, which volition see manufacturing plants and grooming centers.

Lee has kept adjacent concern relations with Wennink for galore years, arsenic Samsung Electronics, which makes a bulk of its nett from selling representation chips, has sought to stay the industry's leader.

In June, helium visited ASML's office successful Veldhoven, the Netherlands, to sermon proviso plans of EUV equipment, practice successful precocious semiconductor manufacturing exertion and the manufacture outlook amid the COVID-19 pandemic.

jaeyeon.woo@yna.co.kr
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