White House "Welcomes Samsung Electronics' Investment in Texas"

[Asia Economy Reporter Cho Hyun-ui] The White House welcomed Samsung Electronics' final decision on the site for its second foundry plant in Taylor, Texas on the 24th.

Brian Deese, Chair of the U.S. National Economic Council (NEC), and Jake Sullivan, National Security Advisor, issued a statement saying, "Securing America's supply chains is a top priority for the Biden administration," and "We welcome Samsung's announcement to build a new semiconductor factory in Texas to protect supply chains, revitalize the manufacturing base, and create jobs."

They added, "The Biden administration has been working in real-time with Congress, allies and partners, and the private sector to avoid semiconductor shortages," and "Today's announcement is the result of the administration's ongoing efforts, including the joint announcement by the South Korea-U.S. leaders last May to promote complementary investments in semiconductors."

The White House stated, "There is much to be done for the U.S. to remain the most innovative and productive country on Earth," and "We will mobilize all means to invest in the sources of our strengths, such as manufacturing and technology, to drive economic growth, expand the middle class, and strengthen long-term competitiveness."

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