U.S. President Joe Biden held discussions on Wednesday with top officials from global IT businesses, including Samsung Electronics, on ways to address the semiconductor shortage.

Biden said the nation is seeing a revitalization of American manufacturing, especially in the industrial Midwest, and that companies are choosing to build new factories in the U.S. when just a few years ago they would have built them overseas.

In particular, Biden highlighted Samsung’s commitment of 17 billion dollars to build a semiconductor facility in Texas, which is expected to create two-thousand jobs. He noted that the commitment is the South Korean electronic giant’s largest ever U.S. investment.

To address the supply chain bottlenecks resulting from a shortage in memory chips, Biden has been strengthening the U.S.’ solidarity with South Korea, Taiwan and other leaders in semiconductors.

Wednesday’s meeting saw the attendance of Choi Si-young, the president and general manager of the foundry business in Samsung Electronics' Device Solutions Division, as well as the executives of Hewlett-Packard, Medtronic, Micron and Cummins.

By: DocMemory
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