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Joe Biden Begins His South Korea Tour At Samsung Chip Factory

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US President Joe Biden is in South Korea for his first summit with newly-elected South Korean President Yoon Suk-yeol. He is beginning his three-day tour today with a visit to Samsung‘s largest chip facility in Pyeongtaek. Biden will be accompanied by his South Korean counterpart as well as Samsung Vice Chairman Lee Jae-yong at the factory.

According to a SamMobile report, Samsung plans to showcase its GAA-based (gate-all-around) 3nm chips to the US President. The next-gen chip technology is said to reduce the physical size of smartphone processors by up to 35 percent. At the same time, we are also expecting a 30 percent performance boost and up to 50 percent lower power consumption over the previous-gen solutions.

Samsung is reportedly struggling with the yield rates of the 3nm GAA chips. But the company hopes to set things right over the next few months and begin mass production later this year. Ahead of that, the Korean firm is taking the opportunity to showcase the advanced chip tech to Joe Biden, who is pushing to bolster semiconductor chip production in the US.

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The American government is preparing a $52 billion federal program to lure companies to increase their production capacity in the country. Samsung is also trying to get a chunk of this multi-billion fund. The Korean firm has already announced a $17 billion plan to construct a new chip facility in Taylor, Texas.

Along with the 3nm GAA chips, Biden will also have a lot more to see at Samsung’s Pyeongtaek factory. After all, it is one of the world’s largest semiconductor manufacturing facilities. Located about 70 kilometers south of the South Korean capital Seoul, this facility is spread across 289,000 square-meter.

Semiconductor chip strategies may be a key discussion point of this summit

This is the first time the leaders of the US and South Korea are beginning a summit with a visit to a Samsung factory. This suggests semiconductor chip strategies may be a key discussion point of the summit. The tech industry faced an unprecedented semiconductor shortage last year. Biden has been pushing to make the US semiconductor independent with a strong domestic supply chain. Since Samsung is one of the world’s largest chip companies, it’s no surprise that he’s chosen the firm’s factory to begin his South Korea tour.

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Over his three-day stay in the country, Biden will also reportedly meet Chung Euisun, the Chairman of Hyundai Motor Group. Hyundai is investing $7 billion to construct an EV (electric vehicle) plant in Georgia.