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Biden: SKorean chip plant a model for deeper ties to Asia - The Associated Press
May 20, 2022 1 min, 23 secs
PYEONGTAEK, South Korea (AP) — President Joe Biden opened his trip to Asia on Friday by touring a South Korean computer chip factory that will be the model for a plant in Texas, holding it out as an illustration of how deeper ties with the Indo Pacific can fuel technological innovation and foster vibrant democracies.

Samsung, the South Korea chip plant’s owner, last November announced plans to open a $17 billion semiconductor factory in Texas.

The president noted that the Texas plant would add 3,000 high-tech jobs and the construction would include union labor.

“These little chips,” Biden said in remarks after he toured the plant, “are the key to propelling us into the next era of humanity’s technological development.”.

Throughout his five-day visit to South Korea and Japan, Biden is making his case for how a U.S.

Greeting Biden at the plant was South Korea’s new president, Yoon Suk Yeol, and Samsung Electronics Vice Chairman Lee Jae-yong.

Before Biden spoke, Yoon said that he hoped the U.S.-South Korea partnership evolves into an “economic and security alliance based on cooperation in advanced technology and supply chains.”.

In closing, Biden slipped and thanked “Moon,” who was South Korea’s immediate past president, Moon Jae-in, who held the office for several years before Yoon’s recent election.

“President Moon, Yoon, thank you for everything you’ve done so far,” Biden said.

Similarly, the hermetic North Korea has been test-firing ballistic missiles amid a coronavirus outbreak, a possible risk to South Korea’s manufacturing sector should the brinkmanship escalate.

In terms of chip production, China leads the global pack with a 24% share, followed by Taiwan (21%), South Korea (19%) and Japan (13%).

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