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Biden pushes for more investment in U.S. semiconductor industry Updated: 2021-04-13 17:13:20 KST

Aggressive investment in semiconductor "infrastructure" to protect supply chains.
That's U.S. President Joe Biden during a virtual summit with chief executives of leading global firms on Monday.

"Chips like the one I have here, these chips, these wafers are batteries, broadband, it's all infrastructure. This is infrastructure. So, look, we need to build the infrastructure of today, not repair the one of yesterday."

He had called for a meeting that featured executives from 19 multinationals including General Motors, Ford, Alphabet, Intel and Samsung Electronics to discuss the ongoing chip shortage that's taking a toll on various sectors. Most prominently, the auto industry.

"China and the rest of the world is not waiting and there's no reason why Americans should wait. We're investing aggressively in areas like semiconductors and batteries that they're doing and others. So must we."

Analysts focus on President Biden's emphasis on developing a U.S. chip supply chain since most are currently made in Asia and shipped to the U.S.

"Biden said semiconductors are infrastructure. What he means, is that semiconductors are just as important to the U.S. as other infrastructure, and he is calling on corporations to invest."

Following the White House meeting, American chip maker Intel said it would start producing chips for car plants at its factories in the next six to nine months.
And, now it may be Samsung's turn.

"Samsung Electronics is under pressure to make large investments in the U.S. but there are many things to consider such as high wages, and manufacturing costs. Also, with U.S.-China tech competition, Samsung may be wary of which side to take."

Analysts also believe Samsung could be pressured to quickly confirm the construction of a new U.S. chip factory that's been in the plans in addition to its Austin factory.
Kim Jae-hee, Arirang News.
Reporter : jhee@arirang.com
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