Tesla, Samsung Chiefs in High-Tech Team-Up Talks

Samsung Electronics Executive Chairman Jay Y. Lee met Tesla CEO Elon Musk last Wednesday to look at ways to cooperate in future high-tech industries, Samsung said on Sunday.

The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles, Samsung added.

The meeting was held during Lee’s trip to the United States and was the first between the heads of the South Korean chip giant and the US electric-vehicle maker, the company said.

Reuters with additional editing by Sean O’Meara

Tesla Tells China it Needs to Update Software on 1m Cars

Samsung to Pump $230 Billion Into ‘World’s Largest Chip Base’

Tesla to Make Energy Storage Batteries at New Shanghai Plant

Tags: Samsung Tesla

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.