Samsung Electronics Vice-Chairman Jay Y Lee is visiting North America in his first high-profile trip after serving jail time for bribery, with a decision imminent on the company's planned $17 billion US chipplant. Lee left Seoul on Sunday and his trip to Canada and the United States is expected to coincide with a decision on the location of the new plant, Yonhap and other local media said. "I am set to meet many US partners," Lee told reporters before his flight on Sunday, without elaborating. Lee was convicted in January of bribery and embezzlement and sentenced to 30 months in jail – including a year served before his sentencing. Upon his parole in August, the presidential office said it expected Lee will help the country procure "semiconductors and vaccines".

Source: The Hindu November 15, 2021 05:14 UTC