U.S. for the first time names South Korea's Honam chip cluster, pressing Korean firms to build memory plants in America

The United States has for the first time directly named the South Korean government-led 800 trillion won Honam Semiconductor Cluster project in its semiconductor investment pressure campaign, demanding that Korean companies build memory semiconductor production facilities in the U.S. and ensure stable supply. The core of U.S. dissatisfaction lies in the fact that Korean companies' U.S. investment plans have yet to materialize, with Washington viewing Seoul as taking a double-track approach actively supporting domestic semiconductor investment while remaining passive on U.S. investment. The South Korean government maintains that U.S. semiconductor investment demands and last year's $350 billion U.S. investment agreement are separate issues, and plans to announce the first batch of U.S.-bound investment projects in September. Domestic companies face heavy pressure from two-front investment obligations at home and abroad. SK Group Chairman Chey Tae-won has already held a private dinner with President Lee Jae-myung, while Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Chung Eui-sun are also scheduled to meet with the president in succession, reflecting the corporate sector's urgent need to coordinate U.S. pressure with domestic policy. https://finance.biggo.com/news/3cdfa07a-deb6-4b3d-b8db-21c3a8d8db55