Commerce Secretary Lutnick Pressures Samsung and SK Hynix to Move Memory Chip Production to the US
5 Articles
5 Articles
U.S. Commerce Secretary Calls Samsung and Hynix to Expand U.S. Semiconductor Fabs; No Proposals for Concrete Discussions Made to Samsung Electronics or SK Hynix. Bloomberg reported on the 9th (local time) that U.S. Commerce Secretary Howard Lutnick expressed his desire for Samsung Electronics and SK Hynix to expand their semiconductor production facilities in the United States. According to Bloomberg,
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = U.S. Commerce Secretary Howard Lutnick urged Samsung Electronics and SK Hynix to expand memory semiconductor production in the United States.
Lutnick Presses SK Hynix, Samsung to Boost Memory Output in US
Commerce Secretary Howard Lutnick called on Samsung Electronics Co. and SK Hynix Inc. to step up their efforts to expand memory chip production in the US to help address a global shortage in components critical to the development of artificial intelligence.
On May 19, 2026, U.S. Commerce Secretary Howard Lutnick attended the annual Capitol Picnic on the South Lawn of the White House. (Madalina Kilroy/Epoch Times White House Correspondent)
Commerce Secretary Lutnick pressures Samsung and SK Hynix to move memory chip production to the US
The push for US-based memory chip production could reshape global supply chains, impacting prices and market dynamics across industries. The post Commerce Secretary Lutnick pressures Samsung and SK Hynix to move memory chip production to the US appeared first on Crypto Briefing.
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