Samsung’s New Investment in Texas Accelerates Rebuild of US Supply Chain, Blow for China Expected

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Upon Samsung finalizing tract enactment for its caller mill connected U.S. soil, South Korean media person commented that the concern is expected to deal a dense stroke to China’s ambitions successful becoming a semiconductor elephantine arsenic the United States moves to unafraid its ain supply-chains.

Samsung announced connected Nov. 23 that it volition put $17 billion to physique a caller semiconductor manufacturing works successful Taylor, Texas. It’s a grand-scale concern by the tech elephantine successful the midst of a global semiconductor spot shortage, and the largest concern successful the United States by far.

The U.S. authorities and Texas politician person applauded Samsung’s bold concern plan.

The caller installation is expected to make implicit 2,000 high-tech jobs straight arsenic good arsenic thousands much related jobs, Samsung said successful a property release.

“This indicates that Samsung is putting much accent connected the U.S. proviso chain, and it could beryllium understood arsenic Samsung participating and supporting the U.S.-led supply-chain reconstruction,” Jinwoo Lee, caput of the Investment Strategy Group of Meritz Securities successful South Korea, told The Epoch Times.

“The anticipation for Korea to fortify its ties with the United States is overmuch higher than before, astatine slightest successful the exertion sector,” helium added.

In a Dec. 1 editorial titled, “Korea, Taiwan Join US Semiconductor Alliance, Causing Major Blow to China,” The Korea Times said the confederation volition “delay the emergence of China’s semiconductor industry, stalling its pursuit successful this field.”

In discourse of these investments, the editorial besides mentioned that the 5G market-share of tech companies similar Samsung accrued aft the United States sanctioned Chinese telecommunications institution Huawei.

“Furthermore, since halfway instrumentality exports to China from the United States are restricted, the semiconductor sectors of Samsung Electronics and SK Hynix were capable to outrun the CCP’s pursuit successful the planetary marketplace with ease, particularly successful the non-storage field,” work The Korea Times editorial.

Samsung is not the lone South Korean high-tech institution that has decided to put successful the United States. SK Group and LG Corp., arsenic good arsenic General Motors, person each announced concern plans successful assorted exertion sectors successful the United States, which see not lone semiconductors, but besides batteries, hydrogen technology, vigor solutions, and electrical vehicles.

Epoch Times newsman Lee Yunjung contributed to this report.

Lisa Bian