This morning we learned that Intel and Samsung could reach an agreement for the development of 5nm. The two companies could work together for a time to corner TSMC. Well, bad news comes from South Korea and it is that Lee Kun-hee, President of Samsung has passed away. Also, Lee Kun-hee is the richest man in South Korea with a great fortune.
Kun-hee has presided over Samsung from 1987 to the present when he passed away. It should be noted that in 2008 and 2010 he did not preside over the company for health reasons. Furthermore, Kun-hee in 2014 suffered a heart attack from which he recovered successfully. The reasons for his death are a mystery.
Lee Kun-hee, the former president of Samsung, passes away
The cause of his death is unknown at this time, which has not been disclosed. In addition, there are many doubts that it will happen with a fortune of 20,000 million dollars that could pass to their children and family. This is because his son and heir Lee Jae-yong has been sentenced to five years in prison for a bribery scheme.
Lee Jae-yong, son of Lee Kun-he, was Vice President of Samsung Electronics and the heir to the company. It was in 2017 that he was arrested for participating in a bribery scheme in South Korea. The importance was such that whoever was president at that time was forced to resign. Jae-yong should be the one to take over the company, but there are serious doubts about it.
Note that Lee Kun-hee is highly respected in the industry for being a tireless worker with great vision. Under his mandate, he has managed to make the company one of the largest in the semiconductor industry. Although it is true that in recent years there have been problems that have made him lose a bit of strength.