Samsung Electronics May Participate Virtually in US White House Emergency Semiconductor Meeting

[Asia Economy Reporter Suyeon Woo] Amid the global semiconductor supply shortage, the U.S. government is discussing an emergency countermeasure meeting with global semiconductor companies scheduled for the 12th, and Samsung Electronics is reportedly considering participating via video conference.

According to business circles and foreign media on the 9th, Samsung Electronics has been invited to the U.S. White House emergency semiconductor meeting scheduled for the 12th (local time) and is internally discussing the participation method and attendees.

According to foreign media, the meeting will include global semiconductor companies such as Samsung Electronics, Intel, and GlobalFoundries, and automobile company GM is also expected to attend. The meeting will be chaired by Jake Sullivan, National Security Advisor to U.S. President Joe Biden, and Brian Deese, Director of the National Economic Council.

U.S. President Joe Biden is holding a semiconductor chip and explaining the purpose of the signing before signing an executive order on building the semiconductor supply chain. Photo by Yonhap News

Reuters reported that Intel's CEO Pat Gelsinger is expected to participate via video conference. Samsung Electronics is also considering various options regarding the meeting format and attendees. Considering quarantine periods due to COVID-19, attending via video conference or having representatives from local subsidiaries attend are also being discussed.

A Samsung Electronics official said, "There is nothing that can be confirmed until the White House makes an official announcement regarding the meeting."

Meanwhile, the U.S. government has recently been highly alert and actively responding to the global semiconductor supply shortage, including automotive semiconductors. It announced a large-scale infrastructure investment plan worth $50 billion (56 trillion won), and the upcoming White House meeting is expected to be a government-wide forum to discuss solutions to the supply shortage issue. On the 8th (local time), White House spokesperson Jen Psaki stated, "The U.S. government is placing great emphasis on the semiconductor shortage issue" and "There is significant focus at the highest levels across the government."

This content was produced with the assistance of AI translation services.