Samsung Electronics hosted a three-day semiconductor subcommittee meeting from July 4th to 6th with members of the Samsung Partners Association. The association, established in 1981 by 39 partners, is an organization of 208 members that functions as one of the main channels of communication aimed at promoting mutual progress through technical cooperation and business collaborations.
Samsung Electronics and Samsung Partners Association have run separate subcommittee meetings for small and medium-sized chip-relevant companies. The subcommittee meetings have fostered synergy between Samsung Electronics and its partners, providing a platform to share business insights, discuss industry issues, and enhance mutual commitments to drive win-win cooperation.
Over the three days of the meeting, 18 companies from the Facility A subcommittee, 17 companies from the Facility B subcommittee, and 21 companies from the Raw Materials subcommittee participated each day subsequently. Topics covered at the meeting included updates on the semiconductor market, sustainability strategies, win-win management policy, and an introduction to the Win-Win Cooperation Academy Advocate Program.
Collaboration is key to progress the semiconductor industry
At one of the sessions, Wan-young Jeong, the Director of the Win-Win Cooperation Center, presented on “Semiconductor Market Forecast for 2023” based on the trend analysis of semiconductors over the last two decades.
Notably, Mr. Jeong placed special emphasis on the importance of strong bonds within the semiconductor ecosystem. "The semiconductor industry is a technology-intensive organization that cannot progress with a single technology or a single company. It can only be developed through collaborations and mutually beneficial partnerships in various areas of the business,” he said. “One way South Korea can continue to be competitive in this industry is by growing together all together, whether big or small."