KOREAN FIRM'S $22B INVESTMENT WILL MEAN NEW US JOBS, WH SAYS
AppleMagazine|AppleMagazine #561
South Korea’s SK Group announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of domestic jobs while helping ease global supply chain snarls that have persisted during the coronavirus pandemic.
KOREAN FIRM'S $22B INVESTMENT WILL MEAN NEW US JOBS, WH SAYS

President Joe Biden, who continues to isolate in the White House residence after testing positive for COVID-19 last week, met virtually with SK Group Chairman Chey Tae-won and called it a “historic and path-breaking announcement.”

It is “proof that we’re meeting the emergency in the climate crisis with urgency and opportunity and innovation to save the planet and create good-paying jobs,” Biden said.

SK Group’s investments will include $15 billion in the semiconductor industry through research and development programs, as well as materials and a testing and packaging facility, which will help address supply chain problems, the conglomerate said in a statement.

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