Four major Korean corporations have announced plans to invest 44 trillion won ($39.4 billion) in the US, of which Samsung plans to build a new $17 billion semiconductor factory.
Major Korean corporations including: Sumsung, Hyundai Motor, SK and LG announced plans to invest nearly 40 billion USD in the US. (Source: Business Korea) Specifically, at the Korea-US Business Roundtable held at the headquarters of the US Department of Commerce with the attendance of South Korean President Moon Jae-in on May 21 (local time), Samsung Electronics announced announced that it will invest 17 billion USD to build a new semiconductor chip factory in the US. Two battery manufacturers LG Energy Solution and SK Innovation also decided to proceed with an investment plan of 14 billion USD, including both private investment and joint venture with the US company. Hyundai Motor Company announced an investment of $7.4 billion to expand production and charging infrastructure for electric cars in the US. Meanwhile, semiconductor chip maker SK Hynix will spend $1 billion to set up a large-scale Research and Development (R&D) Center to innovate new growth areas such as artificial intelligence (AI). ), the NAND memory chip solution in Silicon Valley. At the conference, businesses emphasized the importance of the North American market in the key business segments of the future, such as the information and communication technology industry (including semiconductor chips), batteries, and batteries. electric bowl. Korean companies claim to expand the market through cooperation with American businesses that have demand and have advanced technology. Also at this event, the leading US chemical company DuPont announced plans to build a Research and Development Center in Korea, to develop original technologies for semiconductor chip materials. Attending the Korea-US Business Roundtable, the Korean side included Minister of Industry, Trade and Resources Moon Seung-wook and leaders of major corporations SK, Samsung electronics, Hyundai automobiles, LG Energy Solution. , Samsung Biologics, SK Bioscience. The US side includes Commerce Secretary Gina Raimondo, along with leaders of Qualcomm, GM International, Novavax, DuPont, and Ampere Computing. (according to Business Korea)
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