Samsung’s New Investment in Texas Accelerates Rebuild of US Supply Chain

Contact Your Elected Officials

Upon Samsung finalizing site selection for its new factory on U.S. soil, South Korean media have commented that the investment is expected to deal a blow to China’s ambitions in becoming a semiconductor giant as the United States moves to secure its own supply-chains.

Samsung announced on Nov. 23 that it will invest $17 billion to build a new semiconductor manufacturing plant in Taylor, Texas. It’s a grand-scale investment by the tech giant in the midst of a global semiconductor chip shortage, and the largest investment in the United States by far.

The U.S. government and Texas governor have applauded Samsung’s bold investment plan.

The new facility is expected to create over 2,000 high-tech jobs directly as well as thousands more related jobs, Samsung said in a press release.

“This indicates that Samsung is putting more emphasis on the U.S. supply chain, and it could be understood as Samsung participating and supporting the U.S.-led supply-chain reconstruction,” Jinwoo Lee, head of the Investment Strategy Group of Meritz Securities in South Korea, told The Epoch Times.

“The possibility for Korea to strengthen its ties with the United States is much higher than before, at least in the technology sector,” he added.

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

In context of these investments, the editorial also mentioned that the 5G market-share of tech companies like Samsung increased after the United States sanctioned Chinese telecommunications company Huawei.

“Furthermore, since core equipment exports to China from the United States are restricted, the semiconductor sectors of Samsung Electronics and SK Hynix were able to outrun the CCP’s pursuit in the global market with ease, especially in the non-storage field,” read The Korea Times editorial.

Samsung is not the only South Korean high-tech company that has decided to invest in the United States. SK Group and LG Corp., as well as General Motors, have all announced investment plans in various technology sectors in the United States, which include not only semiconductors, but also batteries, hydrogen technology, energy solutions, and electric vehicles.

By Lisa Bian

Epoch Times reporter Lee Yunjung contributed to this report.

Read Original Article on TheEpochTimes.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

AI: A Double-Edged Sword?

AI produces innovation, revolutionizing industries from education to entertainment, yet AI tools also cause a gradual decline in human cognitive skills.

Why is the Epstein Victim List Longer than the Client List?

Bondi said her responsibility is to protect identities of underage girls sexually abused by Epstein, but a good number of victims have come forward.

Stirring the gravy

“You might be a Pennsylvanian-Italian if you claim Italian ancestry and participated in San Marziale festivities at Holy Angels Church in Kulpmont, PA.

Flood of Lies

The tragedy still unfolding after the historic Texas floods should be cause for unity, but Democrats weaponize the catastrophe for themselves.

Now Lawyers Are Looking for the Epstein List, Too!

So it turns out that when FBI Director Kash...

A Year After Trump Rally Shooting, Town Still Seeks Healing, Answers

A western PA community has rallied around the family of Corey Comperatore who was fatally shot when a gunman opened fire at a Trump rally.

5 States Discussing Plans to Build Prisons Like ‘Alligator Alcatraz’: Noem

Homeland Security Sec Kristi Noem said five Republican-led states were discussing plans to build detention sites similar to Florida’s “Alligator Alcatraz.”

Wyoming Opens Dual Mine: Coal for Power, Rare Earths for Everything Else

Brook Mine will be the first new coal mine to open in Wyoming in 50 years and first critical mineral and rare earth mine to open in the US in 70 years.

Los Angeles Mayor Signs Order Reaffirming Sanctuary City Policy, Proposes Cash Aid to Illegal Immigrants

LA Mayor Karen Bass has issued an executive directive reaffirming the city’s self-proclaimed sanctuary status in response to ongoing ICE operations.

EU Won’t Retaliate to Trump’s 30 Percent Tariff, Countermeasures on Hold Until August

EC President Ursula von der Leyen said EU will extend suspension on countermeasures to U.S. tariffs until next month while trade negotiations continue.

Trump Announces 30 Percent Tariff on EU, Mexico

President Donald Trump has announced a 30 percent tariff on imports from the European Union and Mexico, to go into effect on Aug. 1, 2025.

Tariff Windfall Drives Surprise $27 Billion US Budget Surplus in June

New data from Treasury Dept show that surging tariff revenues in June helped U.S. government post an unexpected budget surplus of $27 billion.

State Department Says Reorganization Plan to Move Ahead Quickly After Supreme Court Ruling

State Dept to reorganize plans following Supreme Court's allowing Trump admin to proceed with layoffs of fed workers and overhaul of federal agencies.
spot_img

Related Articles