On June 17, it was reported by Bloomberg that Samsung said in an email recently that Li Zairong, vice president of Samsung Electronics, met with other executives last week to discuss cooperation with private equity companies to develop 6G mobile network equipment, blockchain technology and artificial intelligence.

Blockchain is a secure method for storing transaction data, which aims to track Bitcoin transactions. Many consumers have virtual personal assistants on their smartphones, such as Siri and Google Assistant, and some users know AI only after contacting them.

As early as February this year, it was reported that Samsung intended to invest more money in the network equipment business. Huawei is currently the world's largest network equipment supplier. According to foreign media reports, Huawei accounted for 26% of the global market share in 2018, while Samsung only accounted for 5%.

Li Zaireng said, "We should challenge ourselves and make up our minds to build a new foundation and surpass our past achievements." He and other Samsung executives discussed how to formulate risk response plans when the company fell into a crisis similar to Huawei's and lost some parts of the supply chain.

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