US Biden Holds Another Semiconductor Meeting with Samsung, Emphasizes Supply Chain Building Again

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] U.S. President Joe Biden held another meeting to expand the semiconductor supply chain within the United States, with major companies including Samsung Electronics attending.

According to the White House, representatives from related industries such as Micron, Hewlett Packard, Whirlpool, and GM, as well as U.S. Secretary of Commerce Gina Raimondo and Brian Deese, Chair of the National Economic Council (NEC), participated in the meeting. Choi Si-young, President of Samsung Electronics' Foundry Division, joined via video conference.

President Biden said at the meeting, "We are especially seeing the revival of American manufacturing in the Midwest," adding, "Companies are deciding to build new factories here in the U.S." He further stated, "If a bipartisan innovation bill is passed in Congress, companies will do even more."

The Biden administration has been convening related companies to discuss measures to resolve semiconductor supply chain issues since shortly after taking office. In particular, amid China's large-scale investments to strengthen its technological capabilities, the administration is strengthening alliances with semiconductor leaders such as South Korea and Taiwan with the goal of securing semiconductor supremacy.

Starting in April last year, the White House convened a semiconductor meeting attended by major industry representatives including Samsung Electronics, where they pressured investment by holding wafers directly. In May of the same year, Samsung Electronics was included again in a semiconductor meeting held the day before the Korea-U.S. summit, and since October last year, Samsung Electronics has been included on the list and requested to attend ongoing supply chain strategy meetings.

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