Energy News  
TRADE WARS
Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount
By Sebastian Smith
Seoul (AFP) May 20, 2022

President Joe Biden has arrived in South Korea on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

His first stop on Friday was a massive Samsung semiconductor factory, where he received a warm welcome from South Korea's new President Yoon Suk-yeol, with global supply chain issues topping the agenda.

Biden, in his first remarks since arriving in South Korea at the start of a trip meant to demonstrate US resolve to lead in Asia, said the two countries' alliance was "a lynchpin of peace, stability and prosperity" in the world.

Speaking at the factory in Pyeongtaek alongside Yoon, Biden described the advanced semiconductors manufactured there as "a wonder of innovation" and crucial to the global economy.

The tiny, smart wafers "enable our modern lives" and are "the key to propelling us into the next era of humanity's technological development", he added.

Semiconductors -- the microchips essential to most modern devices from phones to cars and high-tech weapons -- are at the heart of a global supply chain slowdown that threatens to disrupt the world's post-Covid economic recovery.

South Korea and the United States need to work to "keep our supply chains resilient, reliable and secure", Biden said.

"Putin's brutal, unprovoked war in Ukraine has further spotlighted the need to secure our critical supply chain," he said.

The United States needs to ensure "our economic and our national security are not dependent on countries that don't share our values," he added.

Biden and Yoon are to hold talks and give a press conference in Seoul on Saturday before attending a state dinner.

- Don't forget to vote -

For the US leader, whose Democratic Party fears a possible trouncing in midterm elections in November, the issue is also an acute domestic political challenge, with Americans increasingly frustrated over rising prices and stuttering economic reopening.

Ahead of the speech, Biden toured the huge Samsung plant, taking in lengthy presentations from staff clad in hazmat suits on the equipment used to produce semiconductors.

After a briefing from a US representative from a California company working with Samsung, Biden quipped: "Don't forget to vote, Peter".

Samsung employs about 20,000 people within the United States and work is underway to build a new semiconductor plant in Texas, opening in 2024.

South Korea is a semiconductor powerhouse, supplying about 70 percent of chips globally, Yoon said in his speech, asking Biden to take a "special interest" in South Korean chip firms.

Biden's visit could help the two allies forge a new "economic and security alliance based on advanced technology and supply-chain cooperation", Yoon said.

Semiconductors are now "something akin to a strategic commodity", Vladimir Tikhonov, professor of Korean studies at the University of Oslo, told AFP.

China is trying to reduce reliance on US-influenced Dutch and Taiwanese suppliers, and the United States is trying to rebuild its domestic industry, he said.

Biden "needs Samsung's collaboration in this regard", he added.

- North Korea test? -

Biden wants the trip to boost a years-long US pivot to Asia, where rising Chinese commercial and military power is undercutting Washington's dominance -- but it risks being overshadowed by North Korea's nuclear ambitions.

"We remain concerned that the DPRK may attempt to undertake another provocation during the course of the president's visit to Northeast Asia or in the days following," State Department spokesman Ned Price said in Washington, referring to North Korea by its official acronym.

South Korean intelligence has warned that Pyongyang had recently completed preparations for a nuclear test, while Price said another possibility was a new launch of an intercontinental missile.

Security issues were not top of the agenda Friday, but the fact that Biden is visiting Seoul first on his Asia tour indicates that Washington is looking to refocus on the Korean Peninsula, former CIA analyst Soo Kim told AFP.

"Should Kim proceed with a test during Biden's visit, he will effectively be helping the two countries find greater justification to work together on the North Korea issue," she said.

Biden heads to Japan from South Korea on Sunday. He will also join a regional summit of the Quad -- a grouping of Australia, India, Japan and the United States -- while in Tokyo.

Even so, the whole point of Biden's Asia tour is China, Katharine Moon, a political science professor at Wellesley College, told AFP.

"It's an effort to strengthen economic and security relationships with the Asia-Pacific region and block China's growing influence," she said.

Washington is hoping the united Western response to Russia's almost three-month-long invasion of Ukraine will give Beijing pause on its Taiwan ambitions.

National Security Advisor Jake Sullivan said the aim of the trip is not to confront China, but to highlight that the West and its Asian partners will not be divided and weakened.

But China said Friday that the United States should "build an open and inclusive circle of friends in the Asia-Pacific, instead of assembling closed and exclusive small cliques."


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Some Trump China tariffs impose 'more harm on consumers, businesses': Yellen
Konigswinter, Germany (AFP) May 18, 2022
Some of the Trump-era tariffs imposed on China appear to hurt consumers and businesses more than address real issues posed by the Asian giant, US treasury secretary Janet Yellen said Wednesday, as the Biden administration mulls lifting the punitive duties. American tariffs on hundreds of billions of dollars of Chinese imports are due to expire in July, and President Joe Biden has faced growing calls to get rid of the punitive duties to help combat the highest US inflation in over four decades. S ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
HSBC suspends banker over climate comments: reports

G20 failing to update carbon-cutting pledges: report

Canada stumbling in transition to low-carbon economy

EU needs to recycle more to hit green energy goals: report

TRADE WARS
New thermal management technology for electronic devices reduces bulk while improving cooling

Spin keeps electrons in line in iron-based superconductor

Low-cost battery-like device absorbs CO2 emissions while it charges

For plasma with a hot core and cool edges, Super-H mode shows promise

TRADE WARS
400 GW wind, solar power per year to meet 1.5 C Paris Agreement

Transport drones for offshore wind farms

Lack of marshaling ports hindering offshore wind industry

Favourable breezes boost Spain's wind power sector

TRADE WARS
Namibia comes to Europe to sell its sunshine

Highly efficient large-area perovskite LEDs for next-gen display technology

New light on organic solar cells

Climate-stricken world needs renewables Marshall Plan: UN chief

TRADE WARS
Framatome and Vattenfall ink nuclear fuel contract for long term security of supply

Framatome to perform reactor vessel mitigation technique at 4 US nuclear plants

Philippines' Marcos in nuclear plant revival talks with S.Korea

UK backs Hinkley nuclear plant after cost hiked

TRADE WARS
Ultrathin fuel cell uses the body's own sugar to generate electricity

Mystery solved about active phase in catalytic CO2 reduction to methanol

Using human energy to heat buildings will pay off

Dung power: India taps new energy cash cow

TRADE WARS
Graphene-wrapped zeolite membranes for fast hydrogen separation

New tech aims to drive down costs of hydrogen fuel

Oman, Iran sign trade deals during president visit

Net zero is 'biggest challenge' for aviation: Etihad CEO

TRADE WARS
Time running out to save Horn of Africa lives: UN

Climate change indicators hit record highs in 2021: UN

Climate change indicators hit record highs in 2021: UN

Sandstorm blankets Saudi capital in grey haze









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.