Tot by $ 14 billion will go toward building two new gigafactories in Tennessee and Kentucky
, in a joint venture with Ford (F)
, the group’s chairman
, Tae-won Chey
, gesê in opmerkings made public by the White House
Biden touted the announcement as “evidence that the United States, Korea and its allies are back, and winning the technology competition of [die] 21st century.”
“In die verlede, these kinds of technology investments went to China,” hy het gesê.
The president said he had taken a closer look at South Korea’s advanced manufacturing capabilities during his trip to the country in May
, where he also besoek
a Samsung (SSNLF) factory and met with the chairman of Hyundai
Biden, who participated in the meeting virtually from the White House residence after testing positive for Covid-19 last week
, acknowledged the irony of welcoming guests from South Korea while he was isolating mere yards away
“I feel so badly — I’m so close to you,” he told the SK delegation, later posting a shot on social media of him waving from a balcony.
SK Group had already earlier this jaar toegewyd $ 30 miljard in the United States by the end of
2025. Biden and Chey said Tuesday that the new investment was on top of that
The news came as SK Hynix, the group’s chipmaking unit, warned Wednesday that it expected sales of some electronics to drop in the coming months.
While the company enjoyed strong sales in the second quarter — with its revenue reaching a record high — it anticipates a slowdown in demand for memory chips in the second half of the year.
That’s because shipments of PCs and smartphones that use those components could be “lower than initially predicted,” SK Hynix said in a statement during its earnings presentation.
The company is the world’s second biggest flash memory chipmaker and a supplier to appel (AAPL)
, among other brands
— CNN’s Donald Judd contributed to this report.