During a visit to Asia by House Speaker Pelosi to enact the US semiconductor law, a South Korean official made a statement to foreign media about “rethinking Samsung SK’s investment in China.”
A high-ranking South Korean official told the Financial Times that "some investments in China are likely to be abandoned over time."
On the 2nd, FT said, "Samsung Electronics and SK Hynix are reassessing investment in China as the US Congress passed the 'Semiconductor Chip and Science Act (Semiconductor Act)'. "This suggests that the United States' efforts to incentivize
The Washington Post reported on the 2nd that US House of Representatives Speaker Nancy Pelosi will meet in Taiwan with Liu Dein (Mark Liu) of TSMC, the world's largest foundry (semiconductor consignment production) in Taiwan on the 3rd.
Pelosi left Taiwan on the same day to announce only the meeting of the Speaker of the National Assembly in Korea.
The WP reported that “Chairman Pelosi will meet with Chairman Ryu to discuss the semiconductor industry promotion bill recently passed by the US Congress and the expansion of semiconductor factories in the US.”
The semiconductor law, led by the US Democratic Party, has a “guardrail clause” that restricts investment in China, such as preventing beneficiary companies from establishing high-tech semiconductor facilities in China for 10 years with $52 billion in support for manufacturing facilities. During his visit to the Korea-US summit in January, he visited Samsung Electronics' Pyeongtaek semiconductor plant first and met President Yoon Seok-yeol, and Vice Chairman Lee Jae-yong was his guide.
Taiwan TSMC announced the decision to establish a 5-nano high-tech factory in Phoenix, Arizona, USA with an investment of 12 billion dollars in May 2020.
Samsung Electronics decided to invest $17 billion in Texas to build the second foundry plant in the United States.
In a video interview with President Biden at the White House at the end of July, Chey Tae-won, chairman of SK Group, announced that it would invest $22 billion in the semiconductor industry as an investment in the US. Samsung Electronics is operating NAND flash production plants and semiconductor packaging plants in Xi'an and Suzhou, China. , SK Hynix is operating a DRAM memory semiconductor manufacturing facility in Wuxi, China.