Politics
Chips Act win-win for US, S. Korea: Biden
April 27, 2023
The US Chips Act, signed into law in August to reduce America’s reliance on foreign-made semiconductors by increasing domestic production, is a win-win to both the US and South Korea, US President Joe Biden said Wednesday. “It’s creating jobs in South Korea, not just SK but with Samsung and in other industries,” Biden said during a press conference following a summit with President Yoon Suk Yeol, referring to the world’s largest and second-largest memory chipmakers,