LUTNIK URGED SK HERCULES AND SAMSUNG TO EXPAND THEIR CAPACITY TO STORE CHIPS IN AMERICA

ON 10 JULY, UNITED STATES SECRETARY OF COMMERCE LUTNIK CALLED ON TRISTAR ELECTRONICS AND SK HERCULES TO SCALE UP THE PRODUCTION OF STORAGE CHIPS IN THE UNITED STATES TO HELP ALLEVIATE THE GLOBAL SHORTAGE OF CRITICAL PARTS FOR ARTIFICIAL INTELLIGENCE DEVELOPMENT. LUTNIK CONFIRMED THAT HE WAS NEGOTIATING WITH THE TWO KOREAN STORAGE CHIP MANUFACTURERS, BUT DID NOT DISCLOSE THE DETAILS. HE ACKNOWLEDGED THAT CHIEF EXECUTIVE OFFICER MEHROTRA MIGHT NOT HAVE WELCOMED THE EXPANSION OF COMPETITION IN THE UNITED STATES, BUT LUTNIK INDICATED THAT THIS INITIATIVE WAS NECESSARY TO MAKE THE UNITED STATES CHIP SUPPLY CHAIN MORE ROBUST. “YOU KNOW THAT HE (MEHROTRA) WILL NOT LIKE THIS, BUT I WOULD LIKE TO BRING HIS COMPETITORS — SAMSUNG AND SK HERCULES — TO THE UNITED STATES TO SET UP A FACTORY” LUTNIK SAID, “AMERICAN LIGHT IS NOW IN THE LEAD. THE REST OF THE COMPANY'S GONNA FEEL SO RED, RIGHT? SO THEY HAVE TO FOLLOW."