Samsung Electronics chief meets Elon Musk on possible hi-tech alliance

Samsung Electronics Executive Chairman J Y Lee and Tesla Chief Executive Officer Elon Musk met in the US last week, according to Yonhap News Agency, which cited people in the industry as saying the two companies are exploring partnerships to develop next-generation technologies.

Lee and Musk held the meeting at Samsung’s semiconductor research center in Silicon Valley on Wednesday, South Korea’s Yonhap said on Sunday. The two companies are looking at possibly joining forces to develop chips for fully autonomous vehicles among other things, the report cited people in the industry as saying.