KOREAN CHIP PRODUCERS CONSIDER GENEROUS INVESTMENT “The US is set to emerge as a new manufacturing hub for global companies in the Trump 2.0 era,” said an official from the local electronics industry.“Many companies are actively considering ramping up their production capacity in the US.”Korean chip giants such as SK Hynix Inc.also plan to accelerate their facility investment in the US as the new Trump government is set to take office soon.
As the incoming Donald Trump administration has threatened to impose universal duties on most imports to revive the world’s No.1 economy’s manufacturing industry and create more local jobs, LG Electronics’ line ramp-up of its US appliance plant is also expected to help enhance its ties with the new US government.
SAMSUNG ELECTRONICS TO MOVE FRIDGE LINES TO NORTH AMERICA LG Electronics’ cross-town rival Samsung Electronics Co.is also said to be weighing whether to relocate refrigerator lines from home to the US, instead of Mexico, amid looming concerns about possibly 25% tariffs by the incoming Trump administration on imports from Mexico.
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