Biden: Skorean chip plant a model for deeper ties to Asia
PYEONGTAEK, SOUTH KOREA » President Joe Biden opened his trip to Asia on Friday by touring a South Korean computer chip factory that will be the model for a plant in Texas, holding it out as an illustration of how deeper ties with the Indo Pacific can fuel technological innovation and foster vibrant democracies.
“So much of the future of the world is going to be written here, in the Indo Pacific, over the next several decades,” Biden said. “This is the moment, in my view, to invest in one another to deepen our business ties, to bring our people even closer together.”
Biden’s message was pitched toward the promise of a better global tomorrow, yet also aimed at U.S. voters amid political challenges at home — such as inflation driven higher by the chip shortage — as he tries to show his administration is delivering on the economy.
The Democrat’s first visit to Asia as president came as polling released Friday by The Associated PRESS-NORC Center for Public Affairs Research found Biden’s U.S. approval rating at 39%, the lowest of his presidency. The survey also found deepening pessimism about the economy and the state of the United States — especially among Democrats.
About 2 in 10 U.S. adults said the country is headed in the right direction or described the economy as good, down from about 3 in 10 in April. Among Democrats, just 33% said the country is on the right track, down from 49% last month.
Samsung, the South Korea chip plant’s owner, last November announced plans to open a $17 billion semiconductor factory in Texas. A semiconductor shortage last year hurt the availability of autos, kitchen appliances and other goods, causing higher inflation worldwide and crippling Biden’s public approval among U.S. voters. The president noted that the Texas plant would add 3,000 hightech jobs and the construction would include union labor.
“These little chips,” Biden said in remarks after he toured the plant, “are the key to propelling us into the next era of humanity’s technological development.”
The president is seeking to promote greater business collaboration among democracies with overlapping values, seeing it as way to maintain the benefits of a globalized economy in a way that benefits American workers and leads to greater foreign investment in the U.S. He is to appear Sunday in Seoul with the chairman of Hyundai Motor Group to highlight the company’s decision to invest in a new electric vehicle and battery manufacturing facility in Savannah, Georgia.
Throughout his fiveday visit to South Korea and Japan, Biden is making his case for how a U.S. that can work with its closest allies will be stronger at home and abroad. In his remarks Friday, Biden did not mention China, which has emerged as a prime competitor with the U.S., and he stressed the value of alliances that currently exclude that country.