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Lutnick urges SK Hynix and Samsung to expand US storage chip production capacity.

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Golden Finance reported that on July 10, U.S. Commerce Secretary Gina Raimondo urged Samsung Electronics and SK Hynix to ramp up their expansion of memory chip production in the United States to help alleviate the global shortage of key components for AI development. Raimondo confirmed that he is in talks with the two South Korean memory chipmakers but did not disclose details. He acknowledged that Micron CEO Sanjay Mehrotra may not welcome the expansion of competitors in the U.S., but Raimondo said it is necessary to make the U.S. chip supply chain more robust. "You know, he (Mehrotra) won't like it, but I want to bring his competitors—Samsung and SK Hynix—to set up factories in the U.S.," Raimondo said. "Micron is currently in the lead. Other companies will inevitably feel envious, right? So they have to follow suit."
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