Delayed subsidies from the United States may hinder South Korea's semiconductor industry
People are increasingly concerned that the investment subsidies promised by the US government to South Korean semiconductor companies such as Samsung Electronics may be delayed or reduced in implementation.
According to sources, Samsung Electronics USA held a reception in Washington D.C. in November this year, inviting members of both houses of Congress to analyze the impact of the semiconductor industry. Democratic Senator Mark Kelly, Republican Representative of the House Michael McCaul, and Democratic Raja Krishnamorthi attended the event.
Samsung Electronics USA emphasized that "Samsung Semiconductor has made a total of $47 billion in investments over the past 30 years. The investments made before the decision on the Chip and Science Act were out of trust in the US Congress and government." Samsung's hosting of this event in the US seems to be indirectly pressuring the US government to fulfill its subsidy commitments.
As part of the Chip and Science Act, the US government has pledged to provide a total of $52.7 billion in subsidies to companies building semiconductor factories in the United States. However, in early November, there were reports that the US government may prepay up to $4 billion in subsidies to Intel for the production of military semiconductors, which raised concerns that policies may shift towards benefiting US companies, potentially reducing subsidies for foreign companies or delaying payments. In addition, as the US presidential election approaches next year, analysis suggests that semiconductor subsidies may become a political issue.
Samsung Electronics USA emphasized that "Samsung Semiconductor has made a total of $47 billion in investments over the past 30 years. The investments made before the decision on the Chip and Science Act were out of trust in the US Congress and government." Samsung's hosting of this event in the US seems to be indirectly pressuring the US government to fulfill its subsidy commitments.
As part of the Chip and Science Act, the US government has pledged to provide a total of $52.7 billion in subsidies to companies building semiconductor factories in the United States. However, in early November, there were reports that the US government may prepay up to $4 billion in subsidies to Intel for the production of military semiconductors, which raised concerns that policies may shift towards benefiting US companies, potentially reducing subsidies for foreign companies or delaying payments. In addition, as the US presidential election approaches next year, analysis suggests that semiconductor subsidies may become a political issue.