Samsung tipped to ramp up US investment as Biden vows more spending: analysts
Apr 13, 2021
Samsung Electronics Co., the world's largest memory chip producer, is likely to accelerate its investment in the United States as US President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, analysts here said Tuesday. Samsung was one of the 19 global firms and the only South Korean company that attended the White House's virtual meeting on Monday (local time) where Biden stressed a need to invest in the semiconductor indu