In a direct push to secure America’s artificial intelligence hardware pipeline, U.S. Commerce Secretary Howard Lutnick has publicly pressured South Korean semiconductor giants Samsung Electronics and SK Hynix Inc. (NASDAQ:SKHY) to construct local AI memory fabs.
Speaking at a Micron Technology Inc.‘s (NASDAQ:MU) event, Lutnick signaled reordering of the global tech supply chain, asserting that because U.S.-based Micron is aggressively scaling up domestic manufacturing, its Asian rivals will ultimately have “no choice but to follow” and invest on American soil.
