Bloomberg
SK Group chairman Chey Tae-won, fresh off a landmark US stock offering for the conglomerate’s memorychip business, said he has an ambitious plan to invest more money in America.SK Group is already putting more than US$35 billion into the US, Chey said on Friday in an interview with Bloomberg Television. “My plan is at a much bigger number,” he said, “much, much, much bigger than US$35 billion.”The South Korean conglomerate is part of a stampede of technology companies touting their investments in the US. Fellow tech giant Samsung Electronics Co also is expanding its operations in the country.
SK Group chairman Chey Tae-won, center, rings the opening bell during SK Hynix Inc’s initial public offering at the NASDAQ MarketSite in New York City on Friday last week.
Reestablishing chip manufacturing in the US has been a signature issue for US President Donald Trump. The White House orchestrated an unprecedented investment in Intel Corp as part of efforts to bolster manufacturing — much of which has decamped for Asia and other regions in recent decades.In the interview, Chey noted that SK has already made multiple investments in the US, including a battery operation and a new semiconductor packaging site in Indiana. “Not many people notice those things,” he said.
