President Biden tours Samsung's high-tech semiconductor facilities
Updated: 2022-05-21 12:38:10 KST
U.S. President Joe Biden's first stop in South Korea, a trip to the world's largest semiconductor plant, boasting the world's first base for 3-nanometer-class chips.
"I've just seen how this plant makes the most advanced semiconductor chips in the world. There are a wonder of innovation and design precision and manufacturing."
Samsung Electronics' semiconductor manufacturing complex in Pyeongtaek, south of Seoul, spans a site 2.8-9 million square meters in area, about the size of 400 football fields combined.
The first assembly line began full operations in 2017, and the second in 2020, mass producing chips including DRAM and NAND flash.
And line three, in which the tech giant has invested more than 23 billion U.S. dollars, is scheduled to be finished in the second half of this year, and will churn out next-generation chips using advanced technology.
A fourth line is also planned for making system chips.
President Biden's visit to the Pyeongtaek campus on Friday is seen as a move to strengthen the technology alliance between Seoul and Washington.
"Our two nations worked together to make the best most advanced technology in the world. And this factory is proof of that. And this factory is proof of that. And that gives both the Republic of Korea and the United States a competitive edge in the global economy if we can keep our supply chains resilient reliable and secure"
Samsung Electronics is also building a new cutting-edge semiconductor plant in Texas, in the city of Taylor.
This 17-billion-dollar foundry line will be Samsung's second in Texas, situated roughly 50 kilometers from its giant manufacturing hub in Austin.
The new plant, spanning more than 5 million square meters, is planned to start operating around the end of 2024. President Biden says this will create some 3,000 high-tech jobs and thanked Samsung for also working with Stellantis to manufacture batteries for electric vehicles.
President Yoon Suk-yeol says supply chain cooperation is already underway through the South Korea-U.S. 'semiconductor partnership'.
"I believe semiconductors are the security asset that will lead the future of our countries. Therefore, I will be very supportive and bold in offering incentives. I ask President Biden to provide various incentives for South Korean firms investing in the U.S. and also pay attention to the United States' cutting-edge tech companies that are investing in South Korea."