MOS Translation Group – Four Seasons
U.S. President Joe Biden began a three-day visit to South Korea Friday, focusing on semiconductors and the supply chain. South Korean President Yoon Suk-yeol accompanied Biden on a direct tour of a nearby Samsung chip manufacturing plant, UPI reported on May 20.
In a brief press conference following the tour, Biden called the Samsung Pyeongtaek campus the world’s largest semiconductor manufacturing site and a symbol of the future of cooperation and innovation that our nations can and must build together. He emphasized that much of the world’s future will be written in the Indo-Pacific region in the coming decades.
South Korean President Yoon Suk-yeol said President Biden’s visit to the Samsung factory was an excellent opportunity to re-emphasize the significance of semiconductors to the economy and security. The Republic of Korea provides 70 percent of the memory chips used worldwide, putting us at the center of the global supply chain. The South Korean government has indicated that it will sign on to the U.S.-sponsored initiative, whose concerns include supply chain resilience, the digital economy, and clean energy.
Biden’s trip, which will continue to Japan on Sunday, is his first visit to Asia as president. The White House has been looking to shift its focus to the region to strengthen alliances and counter the growing economic and military power of the Chinese Communist Party, which it has made its top foreign policy challenge.
In Tokyo, Biden will unveil one of the key parts of his administration’s Asia policy: the Indo-Pacific Economic Framework, a U.S.-led economic initiative seen as a response to Beijing’s regional influence.
Edited and posted by: Kayla J.