Intel Corporation And Samsung To Work On Future Computer And Consumer Electronics Projects

SANTA CLARA, Calif., May 23, 1997 -- Intel Corporation said today it has signed an agreement with Samsung Electronics Co., Ltd., to work on future computer and consumer electronics projects. The agreement was signed by Dr. Andrew S. Grove, chairman and chief executive officer of Intel Corporation, and Jong-Yong Yun, president and chief executive officer of Samsung Electronics, during a business meeting at Intel.

As leaders in the computer and consumer electronics industries, the working relationship between Intel and Samsung will allow both companies to explore and accelerate the development of products and technologies that combine personal computer technology with consumer devices.

Samsung is a world leader in consumer electronics and semiconductors.

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