According to Odaily, the United States has recently asked the South Korean government and companies to build memory semiconductor manufacturing facilities in the US and help ensure stable memory chip supply, as Washington steps up pressure over the execution of Korean investment plans in America. The report said the US also informally expressed dissatisfaction with Seoul’s push for an about 800 trillion won semiconductor cluster in Hunan, arguing that South Korea has been actively supporting domestic chip investment while taking a relatively passive stance toward new investment in the US. It marked the first time the American side had mentioned the South Korean government-led "super project" while pressing for investment. South Korean Industry Minister Kim Jeong-gwan discussed the matter during a recent trip to the US 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. The South Korean government plans to announce its first US investment project in September, while domestic chipmakers are said to be worried that moving ahead with the Hunan cluster and formally taking on a US plant commitment at the same time could create a double burden.
Odaily reported that the United States has recently asked the South Korean government and companies to build memory semiconductor production facilities in the US and ensure stable memory chip supply, as Washington increases pressure on the implementation of Korean investment in America.
The report said the US also informally voiced dissatisfaction over South Korea’s plan to push ahead with an about 800 trillion won semiconductor cluster in Hunan. In Washington’s view, Seoul has been actively backing domestic semiconductor investment while showing a relatively passive attitude toward investment in the US.
It was described as the first time the US side had mentioned the South Korean government-led "super project" while pressing for investment. South Korean Industry Minister Kim Jeong-gwan also discussed the matter during a recent visit to the US for talks related to investment.
The South Korean government sees the US demands on semiconductor investment as 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 if they continue advancing the Hunan cluster while formally accepting a US plant-building request, they may face a double burden. Separately, Foreign Minister Cho Hyun spoke by phone that night with US Secretary of State Rubio and exchanged views on investment in the US and bilateral relations.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
