US, Japan and South Korea focus on semiconductors as Biden visits Asia
TOKYO — As U.S. President Joe BidenVisits Japan and South Korea. The three countries seek common ground at the international stage. It’s semiconductors that they are looking for it.
Biden makes his first Asia trip as president. was a Samsung factory in South Korea.
Biden declared that these tiny chips of just a few nanometers in thickness are key to propelling mankind into the next phase of technology development.
Yoon Suk-yel, the new South Korean president, stated that he had visited what could be called the “global epicenter” of the cutting-edge semiconductor industry. It was there that I felt the power of our technology and economic alliance.
They are essential to all things, including automobiles and home appliances. And they will play an important role in developing artificial intelligence (AI) and quantum technologies. The leaders of the three countries did not mention China in relation to semiconductors. However, export control is on the agenda.
Investors’ main concern [from Biden’s trip to Asia]”It might be their statements about supply chains, semiconductors and how closely they align themselves on export controls for sensitive technologies to China as well as investment in the U.S.” said Michael J. Green is the senior vice president for Asia and Japan at The Center for Strategic and International Studies.
Gina Raimondo from the United States met with Koichi Haigiuda (Japan’s Trade Minister) in Tokyo Monday. Both democracies work together to support each other against an economic backdrop that is causing uncertainty throughout the globe. U.S. Rahm Emanuel, Ambassador to Japan, is at right.
U.S. Commerce Secretary Gina Raimondo met in Tokyo with Koichi Haida, her Japanese counterpart. According to CNBC’s translation of the statement by Japan’s Ministry of Economy, Trade and Industry, they discussed cooperation in areas such as semiconductors and export controls.
Japan and South Korea have been longstanding American allies. Both are technological powerhouses. The two nations also share the 2020 Olympics. bigger export relationships with ChinaThey do not compare to the U.S.
The Biden administration realizes the importance of the United States’ economic role in Asia in order to play a key part in geopolitics surrounding semiconductors.
Biden will be in Tokyo to discuss details of the Indo-Pacific Economic Framework. This agreement will emphasize shared standards regarding digital technology supply chains.
However, the IPEF won’t be a trade deal.
Biden is faced with American voters from both left and right, which are skeptical of trade deals.
In what was supposed to be an enormous free trade deal, the Trans-Pacific Partnership, or TPP, was pioneered by the United States. squashed by former President Donald TrumpAs soon as he took office in 2017,
TPP included 12 countries from Asia-Pacific and North America.
After the United States undercut the TPP by withdrawing unilaterally, the remaining 11 nations proceeded to form the Comprehensive and Progressive Trans-Pacific Partnership — which China has formally applied to enter.