"Biden to Visit TSMC US Factory Following SK, Says 'Won't Be a Supply Chain Hostage'"
U.S. President Joe Biden touring the SK Siltron CSS plant located in Michigan
Photo by AP Yonhap News
[Asia Economy New York=Special Correspondent Joselgina] President Joe Biden, who has been driving the establishment of supply chains within the United States, will visit the U.S. factory of Taiwanese semiconductor company TSMC following SK Siltron.
According to the White House on the 30th (local time), President Biden is scheduled to visit the TSMC factory located in Phoenix, Arizona on December 6. The White House stated, "President Biden plans to discuss how the economic plan has led to the revival of manufacturing in Arizona and the U.S., the rebuilding of supply chains, and the creation of well-paying jobs."
This visit draws attention as it comes immediately after his visit to the SK Siltron CSS factory in Bay City, Michigan the previous day. President Biden’s consecutive visits to foreign companies’ factories in the U.S. are interpreted as an effort to highlight these companies’ semiconductor investments as exemplary cases, thereby emphasizing his efforts to revitalize the American economy.
During his visit to the SK Siltron CSS factory the day before, he repeatedly emphasized that legislation such as the Chips and Science Act (CSA) has led to outcomes including foreign corporate investment, strengthening of semiconductor supply chains, and job creation. He further reaffirmed the commitment to building supply chains within the U.S. by stating, "We will be the supply chain. The difference is that we will no longer be a ‘hostage’ to (China) while providing supply chains worldwide."
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Foundry (semiconductor contract manufacturing) company TSMC will hold a tool-in ceremony at its Arizona factory on December 6. Attendees will include Jang Jung-mou, founder and former chairman of TSMC, and Gina Raimondo, U.S. Secretary of Commerce. Previously, Chairman Jang announced plans to build an advanced 3-nanometer (nm, one billionth of a meter) chip factory following the 5-nanometer semiconductor chip factory in Arizona.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
