U.S. Commerce Secretary Howard Lutnick publicly presses Samsung Electronics and SK hynix to increase efforts to expand memory-chip production in the United States amid a global shortage of components used in artificial intelligence development. The remarks come as the Trump administration continues to emphasize strengthening domestic semiconductor manufacturing. Lutnick made his comments during a concrete-pouring ceremony in Clay, New York, for Micron Technology’s semiconductor fabrication plant that is under construction. At the same event, Micron unveils plans to invest about $250 billion through 2035 to expand its U.S. manufacturing capacity. Lutnick said he has held discussions with Samsung and SK hynix regarding their U.S. operations, though he did not provide additional specifics on potential expansions or timelines. The pressure is widely interpreted as Washington seeking additional production capacity from the two Korean memory makers, potentially involving advanced memory wafer fabrication facilities in the U.S., rather than limited or existing investment plans.
Lutnick urges Samsung and SK hynix to expand U.S. memory chip production
U.S. Commerce Secretary Howard Lutnick publicly presses Samsung Electronics and SK hynix to increase efforts to expand memory-chip production in the United States amid a global shortage of components...
- U.S. Commerce Secretary Howard Lutnick urges Samsung and SK hynix to boost U.S. memory chip production.
- The comments relate to a global memory component shortage affecting AI-related development.
- Lutnick speaks at a ceremony in Clay, New York tied to Micron’s semiconductor plant.
- Micron announces plans to invest about $250 billion through 2035 to expand U.S. manufacturing capacity.
- Lutnick says he has discussed U.S. operations with Samsung and SK hynix but does not disclose details.
Samsung Electronics and SK hynix are facing renewed pressure to expand their semiconductor manufacturing footprint in the United States, after U.S. Commerce Secretary Howard Lutnick publicly urged the two Korean memory chipmakers to build production facilities there. Lutnick made the remarks Thursday (local time) during a concrete-pouring ceremony for Micron Technology's semiconductor fabrication plant under construction in Clay, New York. His remarks came immediately after Micron unveiled plans to invest approximately $250 billion (377 trillion won) through 2035 to expand its U.S. manufacturing capacity, underscoring the U.S. Donald Trump administration's push to strengthen domestic semiconductor production. Speaking at the event, Lutnick said he has been holding discussions with both Samsung Electronics and SK hynix regarding their U.S. operations, although he declined to provide specific details. The message is widely viewed as signaling Washington's desire for the two Korean companies to establish advanced memory wafer fabrication plants in the U.S., going beyond the investment plans
1 hour agoCommerce Secretary Howard Lutnick called on Samsung Electronics Co. and SK Hynix Inc. to step up their efforts to expand memory chip production in the US to help address a global shortage in components critical to the development of artificial intelligence.
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