Samsung Electronics' influence in the global semiconductor industry is growing as Intel CEO Pat Gelsinger visited Samsung Electronics following U.S. President Joe Biden's visit to the Samsung Electronics Pyeongtaek Campus as his first schedule during his visit to Korea.

News was reported on the 30th that Intel CEO Pat Gelsinger, who is visiting Korea, met with Samsung Electronics Vice Chairman Lee Jae-yong. They stated that they discussed cooperation plans between the two companies regarding various agenda items related to semiconductor collaboration.

Vice Chairman Lee and CEO Gelsinger held a series of meetings attended by executives from both companies to exchange views on cooperation plans in various fields, including next-generation memory, fabless system semiconductors, foundry, PC, and mobile.

Samsung Electronics DS Division Head Kyung Kye-hyun, MX Business Division Head Noh Tae-moon, Memory Business Division Head Lee Jung-bae, Foundry Business Division Head Choi Si-young, and System LSI Business Division Head Park Yong-in were present at the meeting.

Among the semiconductor Big 3, Intel and TSMC follow Samsung, which ranks first in terms of revenue. In the first quarter of this year, Samsung Electronics posted 26.87 trillion won in revenue, surpassing Intel, which recorded 18.35 billion dollars (approximately 22.73 trillion won in revenue).

Samsung Electronics overtook Intel last year to claim the top spot in the global semiconductor market for the first time in three years, and has consistently maintained the number one position in revenue since then. To maintain this lead and expand its market share in system semiconductors and foundries, Samsung has announced a massive five-year investment of 450 trillion won in the semiconductor sector, including bio and future new growth IT fields.

Following the recent visit by U.S. President Joe Biden to Pyeongtaek P3, where 3-nanometer semiconductors based on the advanced GAA process will be produced, along with a visit by Intel to Samsung Electronics, there is an atmosphere suggesting that the semiconductor alliance between South Korea and the U.S. is strengthening. Attention is focused on whether semiconductor cooperation capable of surpassing TSMC, which holds more than 50% of the foundry market share, will be possible.