On Monday, company officials said, Top executives of Samsung Electronics Co. and its affiliates held an emergency meeting to discuss steps to mitigate risks related to Japan’s tighter export regulations.
Lee Jae-yong, the de-facto leader of the South Korean tech giant, convened the gathering with chiefs of semiconductor and display divisions, as well as CEOs of its affiliates, including electronics component maker Samsung Electro-Mechanics Co. and battery-making unit Samsung SDI Co., a company official said.
The official said that Lee also plans to visit Samsung Electronics factories and its affiliates starting Tuesday, including several semiconductor manufacturing lines, its assembly lines and the display panel factory.
“Lee is expected to check the whole value chain of semiconductors and displays as part of efforts to deal with the recent emergency situation,” the Samsung official said, asking not to be named.
The appearance of Lee in the front line is the world’s largest manufacturer of memory chips and smartphones could be a main goal if Japan’s export controls extend beyond materials for chips and displays to smartphones, televisions and other consumer electronics.
Last week, Japan removed South Korea from its whitelist of trusted export destinations in its second retaliatory step over a row surrounding wartime forced labor, following a July 4 measure to restrict exports of key materials used in semiconductor and display production.
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18 September, 2019