SK CHOI TAE-JIN: PLANS ARE UNDER WAY TO BUILD A PLANT IN THE UNITED STATES TO INCREASE SUPPLY AND COPE WITH ABNORMALLY HIGH PRICES

ON 20 JULY, ACCORDING TO THE KOREAN MEDIA, GIVEN THAT THE DEMAND FOR THE CHIPS STORED WAS FAR GREATER THAN THE SUPPLY, THE HEAD OF THE SK GROUP, CHOI TAE-JIN, INDICATED THAT SK HERCULES WAS IN THE PROCESS OF SELECTING A SITE FOR A CHIP FACTORY IN THE UNITED STATES, WITH THE AIM OF UPGRADING SUPPLY CAPACITY AND CURBING PRICES. AS A MAJOR PLAYER IN THE INDUSTRY, HE CONSIDERED THE CURRENT PRICE LEVEL TO BE TOO HIGH AND “UNUSUAL”. ACCORDING TO CHOI, “I THINK WE NEED TO BUILD (CHIP FACTORY) NOT ONLY IN GUANGZHOU AND THE ZORODO REGION, BUT ALSO IN THE UNITED STATES.” “IF CONDITIONS PERMIT, I THINK WE SHOULD BUILD. THIS INVOLVES TRADE PRESSURES AND OTHER FACTORS THAT NEED TO BE WEIGHED, AND WE ARE THEREFORE CONSIDERING THEM.” KIM XIAN