The US has asked South Korea’s government and companies to build memory semiconductor production facilities in the United States and ensure stable memory chip supply, according to a report by The Chosun Daily cited by ChainCatcher. The request came as Washington stepped up pressure on Seoul over the implementation of investment commitments.
The report said the US also informally expressed dissatisfaction with South Korea’s plan to push ahead with a roughly 800 trillion won semiconductor cluster in Honam, arguing that Seoul has been actively backing domestic chip investment while taking a relatively passive stance toward new investment in the US. It was described as the first time Washington had raised a South Korean government-led “super project” while pressing for investment.
Industry, Trade and Energy Minister Kim Jeong-gwan reportedly discussed the matter during a recent US visit for investment talks. Seoul’s position is that the new semiconductor investment demands are separate from the previously agreed $350 billion investment arrangement between the two countries. South Korea plans to announce its first US investment project in September. Domestic chipmakers are said to be concerned that moving ahead with the Honam cluster while also formally taking on US plant requests could create a double burden.
The United States has recently asked the South Korean government and companies to build memory semiconductor production facilities in the US and secure stable memory chip supply, according to The Chosun Daily in a report cited by ChainCatcher.
The request came as Washington increased pressure on Seoul over the implementation of investment commitments involving South Korea.
The report said the US also informally voiced dissatisfaction with South Korea’s plan to advance a semiconductor cluster in Honam worth about 800 trillion won. Washington’s view, according to the report, is that South Korea has been actively supporting domestic semiconductor investment while showing a relatively passive attitude toward investment in the US.
This was described as the first time the US had mentioned a South Korean government-led “super project” while pressing for investment. Industry, Trade and Energy Minister Kim Jeong-gwan also discussed the matter during a recent trip to the US for talks related to investment.
The South Korean government’s position is that the US request for semiconductor investment is separate from the previously agreed $350 billion investment arrangement between the two countries. Seoul plans to announce its first US investment project in September.
Domestic semiconductor companies in South Korea are concerned that formally taking on a US plant-building request while also pushing ahead with the Honam cluster could create a double burden. The report added that Foreign Minister Cho Hyun spoke by phone that evening with US Secretary of State Rubio, and the two exchanged views on investment in the US and broader bilateral relations.
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