The South Korean government announced the amnesty list for "Liberation Day". Among them, Samsung Electronics Vice Chairman and Samsung Head Lee Jae-Yong was granted amnesty and reinstatement, and was no longer restricted from practicing. . Since then, Lee Jae-Yong has returned to the front line of business, attended the groundbreaking ceremony of the new semiconductor research, and development (R&D) center on August 19, and met with Bill Gates, who visited South Korea, on August 16.
After visiting Mexico and Panama, Lee Jae-Yong started his European itinerary and arrived in the UK. It is reported that Lee Jae-Yong will promote Busan's bid to host the 2030 World Expo during this trip, and may attend the funeral of Queen Elizabeth II on September 19. In this regard, a Samsung spokesman confirmed that Lee Jae-Yong will stay in the UK, but declined to explain the purpose of his visit.
According to reports, Lee Jae-Yong may discuss the acquisition of ARM, a British semiconductor intellectual property (IP) provider, during this visit.
On May 30, Lee Jae-Yong and Intel CEO Pat Gelsinger held a meeting, at which the two sides may discuss joint investment in ARM.
In September 2020, Nvidia announced that it would acquire the UK-based company, but the attempt failed after antitrust scrutiny in multiple countries. Since then, SK Hynix, Intel, and Qualcomm have also issued similar announcements.
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