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US urges Samsung, SK Hynix to expand chip production in America amid shortage

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • U.S. Commerce Secretary Gina Raimondo urged South Korean memory chip giants Samsung Electronics and SK Hynix to expand their semiconductor production facilities in the United States.
  • Raimondo's comments came amid a global shortage of memory chips, which has impacted companies like Apple.
  • Both Samsung and SK Hynix stated they have no specific plans for U.S. expansion currently, though they are open to considering it under favorable conditions.

Amid a global shortage of memory chips that has forced companies like Apple to raise prices and seek alternative suppliers, U.S. Commerce Secretary Gina Raimondo has publicly urged South Korean semiconductor giants Samsung Electronics and SK Hynix to build more production facilities in the United States. Raimondo made the remarks on July 9th during the groundbreaking ceremony for Micron's new factory in Clay, New York.

I want competitors Samsung Electronics and SK Hynix to build production facilities in the United States.

— Gina RaimondoExpressing the U.S. desire for increased domestic semiconductor manufacturing.

"I want competitors Samsung Electronics and SK Hynix to build production facilities in the United States," Raimondo stated, expressing a desire for them to follow Micron's lead. She emphasized that the Trump-era economic policies clearly demonstrate that "now is the best time to invest in America." Micron's new facility in New York is planned to include up to four semiconductor factories, with production expected to begin in 2029, potentially becoming the largest semiconductor manufacturing park in U.S. history.

We will protect America's quality companies and investors in intellectual property.

— Gina RaimondoStating the U.S. commitment to domestic investment.

Raimondo's call for expansion in the U.S. comes as Samsung and SK Hynix have announced significant investments in South Korea, including an 800 trillion won (approximately $570 billion USD) plan to build a semiconductor cluster in the southwestern region of the country. This domestic investment has drawn attention to Raimondo's remarks.

My view is that Micron wants to build factories as soon as possible, and the Trump economic model has clearly shown people that now is the best time to invest in America.

— Gina RaimondoHighlighting the favorable investment climate in the U.S.

In response, Samsung Electronics stated that there are "no specific negotiations" underway regarding U.S. expansion. SK Hynix echoed this sentiment, saying it "cannot confirm" any such plans. Both companies indicated that they are open to considering expanding production facilities in the U.S. if conditions are favorable. Currently, their announced U.S. projects focus on foundry and packaging plants, with Samsung's foundry in Taylor, Texas, nearing completion and SK Hynix's packaging plant in Indiana recently commencing construction.

There are no specific negotiations underway.

— Samsung ElectronicsResponding to questions about potential U.S. expansion.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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