Investing.com -- Samsung Electronics' chip division head Jun Young-hyun met with Nvidia CEO Jensen Huang in Seoul on Monday to discuss cooperation in next-generation foundry chips.

The two companies are currently working together on autonomous driving chips and AI accelerator chips, Jun said. He added that Samsung and Nvidia explored cooperation on future generations of semiconductor products during their meeting.

Jun said the companies held detailed talks on long-term cooperation, including high-bandwidth memory HBM4E and HBM5 chips. The executives also discussed short-term cooperation in HBM4 and foundry operations.

Samsung is collaborating with Nvidia on autonomous driving chips for 4-nanometer and 8-nanometer nodes, as well as on Nvidia's accelerator chip, according to Jun.

Jun serves as co-CEO of Samsung Electronics and leads the company's semiconductor division.