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Samsung's investment was reduced by 7%, and subsidies were 26% 'Snap'...WATCHING TRUMP?

2024.12.21 AM 06:38
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[Anchor]
Ahead of the end of his term, the Biden administration has decided to provide subsidies of 6.9 trillion won to Samsung Electronics, which is building a semiconductor plant in Texas.

The subsidy was reduced by about a quarter compared to the preliminary contract in April, raising the possibility that Trump was conscious of the negative semiconductor subsidies.

This is Washington correspondent Kwon Jun-ki.

[Reporter]
The U.S. Department of Commerce has finally decided to provide 6.9 trillion won in semiconductor subsidies to Samsung Electronics.

It decreased by 2.3 trillion won and 26% from 9.2 trillion won to be given when signing the preliminary transaction memorandum in April.

Initially, the third-largest amount of funding was expected after Intel and TSMC, but it was pushed back to fourth after Micron.

[Jina Rermondo / U.S. Secretary of Commerce (last 8th): TSMC, which makes cutting-edge semiconductors, is now producing on U.S. soil. We will also be making investments with Samsung. We have attracted such a variety of companies.]

Samsung Electronics' support fund was cut because it reduced its investment to $37 billion from its original plan to invest more than $40 billion.

However, the fact that investment was reduced by 7.5%, but subsidies fell by 26%, suggests that Trump's inauguration next month may have been a variable.

Trump has strongly criticized Biden's subsidy policy, saying higher tariffs would allow foreign companies to invest in the U.S. on their own.

[Donald Trump / President-elect (last October): (Biden's) semiconductor policy is very bad. It's spent billions of dollars trying to get rich companies to come to the United States. They won't give us a good company anyway. All we have to do is put tariffs on it.]

However, in terms of the ratio of subsidies to investment, Samsung Electronics is the highest among the five major semiconductor companies at 12.8%.

The U.S. Department of Commerce said its support for Samsung has made the U.S. the only country where all five of the world's top-tier semiconductor companies have entered.

This is YTN Kwon Jun-ki from Washington.




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