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Jay Chong is the Managing Partner at Millennium New Horizons, where he directs early-stage investments across a variety of emerging technologies. Previously, he served as Vice President and Managing Director at Samsung Ventures, and led the e-Mobility Group at SK Group. His corporate career includes international strategy and leadership positions at Intel and International Rectifier, supported by an MBA from Cornell University and a mechanical engineering degree from UC Berkeley. As an investor, Chong has backed notable technology companies including xAI, PureStorage, and Volta Charging, which notably formed a $300 million joint venture with SunRun. His venture portfolio also features several successful corporate exits, such as SolidFire’s acquisition by NetApp and SeaMicro’s sale to AMD. Chong currently centers his venture capital focus on artificial intelligence, autonomous driving, cloud computing, data centers, semiconductors, and alternative energy.
Jay Chong is a distinguished Vice President at Samsung Ventures, a leading corporate venture capital arm of the global technology giant, Samsung. In his pivotal role, Jay is at the forefront of identifying, evaluating, and executing strategic investments in groundbreaking technology companies across the globe. His work is integral to Samsung's long-term vision, ensuring the company remains at the cutting edge of innovation by partnering with and funding the next generation of tech disruptors.
Samsung Ventures, under the guidance of leaders like Jay Chong, strategically invests in areas that complement and enhance Samsung's core businesses, while also exploring entirely new growth engines. Jay's investment focus typically spans a broad spectrum of high-growth sectors. These often include artificial intelligence (AI), internet of things (IoT), advanced semiconductors, enterprise software, cloud solutions, digital health, automotive technologies, and other emerging areas critical to the future of consumer electronics and enterprise solutions. He seeks out startups with strong intellectual property, scalable business models, and visionary teams that can deliver significant strategic value or financial returns.
While specific details of Jay Chong's career background are not extensively publicized, his position as a Vice President at a prestigious corporate venture fund like Samsung Ventures suggests a robust professional journey. Typically, individuals in such roles possess a strong foundation in technology, finance, or corporate development, often coupled with an MBA or advanced technical degrees. Their experience likely includes a proven track record in venture capital, private equity, or strategic corporate roles, demonstrating an acute ability to analyze market trends, conduct due diligence, and foster successful partnerships with early-stage and growth-stage companies. Jay's expertise contributes to Samsung Ventures' reputation for meticulous investment selection and active portfolio management.
Samsung Ventures has a rich history of investing in companies that have gone on to achieve significant success, though specific notable investments directly led by Jay Chong are not always publicly attributed. However, his contributions are vital to the firm's overall strategy of building a diverse and impactful portfolio. By leveraging Samsung's vast resources and global reach, Jay helps portfolio companies accelerate their growth, access new markets, and integrate their innovations into Samsung's ecosystem. His work underscores Samsung Ventures' commitment to fostering global innovation and securing Samsung's leadership in the rapidly evolving technology landscape.
Jay Chong is a Vice President at Samsung Ventures, the corporate venture capital arm of Samsung. He is responsible for identifying and investing in innovative technology startups globally.
Jay Chong's investment focus at Samsung Ventures includes high-growth technology sectors such as artificial intelligence (AI), internet of things (IoT), advanced semiconductors, enterprise software, cloud solutions, digital health, and automotive technologies, aligning with Samsung's strategic interests.
Jay Chong works as a Vice President at Samsung Ventures, the venture capital division of Samsung, which makes strategic investments in technology companies worldwide.
