U.S. presses South Korea on memory fabs, questions investment timing
U.S. officials urge Korean memory chipmakers to invest in U.S. memory fabs after South Korea’s 800-trillion-won Honam project, citing dissatisfaction with investment timing.
U.S. pressed South Korea and memory chipmakers to build American fabs and secure supplies, expressing dissatisfaction over investment timing. The Details: · U.S. pressure: Officials urged Korean chipmakers to invest in U.S.
memory fabs following South Korea's 800-trillion-won Honam project. · Government talks: Investment discussions occurred during Industry Minister Kim Jung-kwan's U.S. visit, while Foreign Minister Cho Hyun spoke with Marco Rubio. · Corporate meetings: President Lee Jae Myung is meeting leaders of Samsung Electronics ($SSNLF), SK Group, and Hyundai Motor ($HYMTF) regarding dual demands.
· Announcement timeline: South Korea maintains memory demands are distinct from prior agreements and plans a first U.S. project announcement in September.