Biden tours Samsung fab, talks chip cooperation with Korea • The Register
U.S. President Joe Biden began his first Asian tour since taking office in South Korea, where he visited a Samsung semiconductor factory that is said to be the model for the plant’s planned plant. company in Taylor, Texas.
Speaking at the Samsung Electronics Pyeongtaek campus, Biden said the region will be a key part of the coming decades, a reason “to invest in each other to deepen our business ties.”
Much of the talk on Biden’s five-day trip to South Korea and Japan will focus on deepening economic and business ties. In Pyeongtaek, however, the emphasis was on semiconductor cooperation. While touring the plant with the newly elected President of South Korea, Yoon Suk Yeol, Biden noted that “these little chips are the key to propelling us into the next era of technological development of humanity.”
Samsung announced plans for Taylor’s semiconductor plant in late 2021, and in January Taylor City Council redistributed 1,268 acres for the planned installation of 6 million square feet (557,418 square meters). . Construction is scheduled to begin this year and the facility is expected to open in 2024.
According to the White House, Samsung’s new plant will create 3,000 “well-paid” jobs in Taylor. The Biden administration also claimed that semiconductor manufacturers have announced investments totaling nearly $ 80 billion in the U.S. by 2021, including Intel’s $ 20 billion manufacturing in Columbus, Ohio.
The Biden administration inherited a messy semiconductor market, to put it mildly. Shortages continue as scheduled deadlines move closer to the horizon, and tensions between China and Taiwan, the world’s largest semiconductor-producing nation, are not easing the situation.
Still, perhaps due to conflict, the semiconductor market has been booming, with forecasts pointing to $ 676 billion in sales in 2022, except for greater global instability.
By returning semiconductor manufacturing to the United States, the Biden administration hopes to stabilize U.S. supply and improve the resilience of the global semiconductor supply chain, the White House said.
At the heart of the administration’s efforts to bring semiconductor manufacturing back home is the CHIPS Act, which would allocate $ 52 billion to further encourage chip manufacturing in the United States.
Although this law was passed more than a year ago, the government has yet to allocate funds, which requires the approval of the reconciled versions of the House and Senate innovation bills. Both chambers recently began the process.
Despite all this effort, some still think Uncle Sam’s manufacturing ambitions are out of place, for example, TSMC founder Morris Chang described the plans as a “useless and costly exercise.” ®