Samsung Lee visits the United States prior to a $ 17 billion chip factory decision: Media

Seoul — Samsung Electronics Vice Chairman Jay Y. Lee travels to North America on his first high-profile trip after serving a bribe prison, and the company’s planned $ 17 billion US chip factory decision is imminent. I am.

According to Yonhap News Agency and other local media, Lee Seung-yuop is expected to leave Seoul on Sunday and travel to Canada and the United States will coincide with the decision on the location of the new factory.

A site near Taylor, Williamson County, Texas, offered a better incentive package among the various sites Samsung is considering for a new chip factory set up to manufacture advanced logic chips. , A source told Reuters earlier.

Employees will pass the Samsung Electronics Co. logo at their office in Seoul, South Korea on April 28, 2021. (AhnYoung-joon, file / AP photo)

Samsung Vice Chairman Kim Kinam confirmed the chipplant plan in May, while Samsung is comparing incentives and considering who will pay what for complex land and other agreements, while water and electricity. We also consider the available amount of stable utilities such as. Said with knowledge of the problem.

They were not allowed to talk to the media, so the source refused to be identified.

A first-quarter winter storm hit Samsung’s chip factory in Austin, Texas, affecting wafers worth about 300-400 billion won ($ 254-339 million) in shutdowns due to power outages. Clarified the importance of a stable utility.

“I’m ready to meet many US partners,” Lee told reporters without giving details before his flight on Sunday.

He also said he expects to visit Boston, where the headquarters of COVID-19 vaccine maker Moderna is located.

Last month, South Korea granted an emergency use authorization for Moderna’s vaccine manufactured by Samsung BioLogics, a pharmaceutical company that has a “filling and finishing” contract with Moderna.

Lee was convicted of bribery and embezzlement in January and sentenced to 30 months in prison, including one year before the sentence. Cheong Wa Dae said in a parole in August that he hopes Prime Minister Lee will support the procurement of “semiconductors and vaccines.”

Joyce Lee