Lutnick urges Samsung, SK Hynix to enlarge U.S. chip output
Howard Lutnick, US commerce secretary, all the plan in which via an govt account for signing within the Oval Assign of business of the White Condominium in Washington, DC, US, on Monday, June 22, 2026. President Trump signed govt orders Monday aimed in direction of accelerating quantum study, laying the groundwork for federal agencies to adopt the abilities and assist US defenses in opposition to cyberattacks. Photo by Bonnie Money/UPI | License Photo
July 10 (Asia This day) — U.S. Commerce Secretary Howard Lutnick known as for Samsung Electronics and SK Hynix to enlarge production within the US as Micron speeds up a predominant domestic investment thought, raising questions over whether or no longer Washington is signaling persevered shortages in artificial intelligence memory chips.
Lutnick referred without delay to Samsung and SK Hynix at Micron’s sizable-scale investment attach within the US. Micron is building a production plant in Clay, N.Y.
Lutnick acknowledged he wanted to bring Micron opponents Samsung Electronics and SK Hynix to the US and appreciate them diagram production companies and products there.
The remarks drew consideration in South Korea because Samsung and SK Hynix lately announced plans to speculate 800 trillion gained, about $530 billion, within the Honam spot in southwestern South Korea. Industry officials had already expected Washington to push the Korean chipmakers to enlarge U.S. investment.
Because Lutnick without delay named the 2 firms and urged investment, consideration is now centered on how the remarks might maybe maybe impact Samsung and SK Hynix.
Some analysts also acknowledged the demand production investment within the US, the central marketplace for artificial intelligence, might maybe maybe display conceal that memory semiconductors remain briefly supply despite debate over whether or no longer the chip market is nearing a high.
Micron acknowledged Wednesday this would maybe enlarge investment in U.S. fabrication vegetation and abilities to bigger than $250 billion by 2035. The company has space a goal of producing 40% of its DRAM within the US and can appreciate to restful switch up part of its Unique York fabrication plant construction schedule.
Lutnick’s message that he also desires Samsung and SK Hynix to speculate locally is fueling expectations that the surge in semiconductor question might maybe maybe proceed for some time.
Some stock market analysts appreciate lately raised concerns that sizable artificial intelligence files center operators, identified as hyperscalers, might maybe maybe leisurely the tempo of investment. Nonetheless industry officials restful expect of supply and question to delivery up tantalizing in direction of steadiness no earlier than 2028.
Others glimpse Lutnick’s remarks as a label that the U.S. govt is reviving stress for local investment after a quieter period. The comments came sooner or later earlier than SK Hynix’s Nasdaq list of American depositary receipts, prompting speculation that Washington might maybe maybe need funds raised via the list to be invested within the US in need to South Korea.
Since 2025, the US has imposed reciprocal tariffs and non permanent import surcharges. Semiconductors are within the mean time excluded, nevertheless the U.S. govt has suggested it can maybe maybe impose tariffs of up to 100% on all semiconductor imports. Earlier this year, President Donald Trump forced memory chipmakers to speculate within the US, asserting firms that enact no longer diagram vegetation domestically might maybe maybe face 100% tariffs.
With Samsung and SK Hynix lately asserting a combined 800 trillion gained investment thought in South Korea, industry observers acknowledged stress for added U.S. investment might maybe maybe develop. Lutnick’s most original comments were considered as tantalizing in that route.
Identical views appreciate emerged abroad. Japan’s Nikkei lately acknowledged that because Samsung Electronics and SK Hynix collectively epic for approximately 60% of the world memory market, the U.S. administration might maybe maybe raise monopoly concerns and question relocation or investment within the US.
— Reported by Asia This day; translated by UPI
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