Samsung vice chairman Lee Jae-yong is said to be courting Dutch chipmaker NXP on a visit to Europe to bolster the company's position in the automotive semiconductor market.
According to the Asian Tech Press, Jae-yong, who has been released on probation after serving time on corruption charges, is expected to visit several chipmakers and semiconductor manufacturing vendors including the Netherland's NXP and ASML, as well as Germany's Infineon. Press became aware of Jae-yong's plans after a Seoul Central District Court approved the vice chairman's travel plans.
NXP offers a wide array of microprocessors, power management, and wireless chips for automotive, communications, and industrial applications. However, the Asian Tech Press said Samsung's interest in the company, which is valued at approximately $56 billion, is primarily rooted in the company's automotive silicon.