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Samsung Elec's Lee says SoftBank's Son expected to visit Seoul when asked about Arm-media

Reuters
Updated ·1-min read
FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo

SEOUL (Reuters) -Samsung Electronics Vice chairman Jay Y. Lee said on Wednesday that SoftBank Group Corp CEO Masayoshi Son is expected to visit Seoul next month when asked about British chip designer Arm Ltd, multiple South Korean media reported.

Son may "make a proposal," South Korean wire service News1 reported citing Lee, without elaborating.

Lee said this in answer to a press question about whether he met Arm executives during his recent visit to Britain, according to News1.

South Korean media have speculated Samsung may participate in a potential joint acquisition of a stake in Arm.

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Samsung did not have an immediate comment on Wednesday.

British Prime Minister Liz Truss' government will push for high-level talks with SoftBank Group Corp to persuade it to list British chip designer Arm Ltd in London, the Financial Times reported last week.

(Reporting by Joyce Lee and Heekyong Yang; editing by Jason Neely and Louise Heavens)