Samsung Vice Chairman Lee Jae-yong Visits US for Chip Plant Project

Samsung Vice Chairman Lee Jae-yong Visits US for Chip Plant Project
Samsung Group heir Lee Jae Yong (front, L) is pictured on a Pyongyang-bound flight on Sept. 18, 2018. Kyodo News Stills via Getty Images
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News Analysis

Samsung Electronics Vice Chairman Lee Jae-yong’s recent trip to North America was likely aimed at finalizing site selection for Samsung’s new $17 billion chip foundry plant. Hong Kong financial expert Liao Shiming believes the United States is cooperating with Samsung to restructure its high-tech supply chain.