The United States reached out to South Korea to address the shortage of electronics

A few days after Jay Wiley, the CEO of Samsung Korea, announced to the United States that this week he will determine the location of his new electronic chip factory in the United States.

Called; During his visit to the United States, Lee met with US government officials to discuss ways to resolve the crisis over the lack of electronic components in the United States.

Informed sources say that the American side has even agreed to encourage Samsung to build an electronics chip factory on American soil.

Samsung reportedly wants to build a plant in Texas because of incentives from Texas officials. Samsung currently has plants in three states: Texas, Arizona and New York, and will likely build new facilities near one of the three plants.

The Korean company is said to have invested $ 17 billion to build an electronics chip plant.

This was Lee’s first trip as Samsung CEO since his release from prison for bribery. Samsung said he also met with CEOs of Microsoft and Amazon during the trip. The crisis of electronic chip shortages, especially in the United States, is spreading rapidly, overshadowing the production of many products from home appliances to automobiles, and is projected to continue until 2022 or even later.

The lack of electronics has caused $ 210 billion in losses for the US auto industry in 2021 alone.

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