"Cui Taiyuan, president of SK Group, said a few days ago that there is currently no plan to establish a semiconductor factory in the United States, but the prerequisites for investment are being studied.

According to the ""Wall Street Journal"" report on the 5th local time, Cui Taiyuan said in an interview: ""Although the United States is a huge market, there are problems with manpower and costs."" He pointed out that there are many software engineers in the United States, but semiconductor production needs. There are not many technical engineers. ""Building a factory is a completely different challenge.""

Korean media BusinessKorea pointed out that one of the core content of SK Group's recent personnel adjustments and organizational reorganization next year is to strengthen its North American business. SK hynix will establish a business corporation in North America, and the general manager Lee Seok-hee will serve as the corporate representative. New research and development institutions have also been established under the new organization. This is to advance the ""Internal U.S. Strategy"" to strengthen competitiveness in the NAND field, and to strengthen cooperation with global ICT companies.

Cui Taiyuan also expressed interest in the North American battery business. SK Innovation's subsidiary SK On signed a business agreement with Ford Motor Company in the United States to establish a battery joint venture ""Blue Oval SK"" in the United States.

Cui Taiyuan said: ""In the past 20 years, SK Group has invested a lot of money in research and development in the battery field, but it has not yet achieved profitability in the battery field."" He said that the amount of capital expenditure is so large that he Sometimes I feel scared. He said the group can reduce capital costs by cooperating with equipment manufacturers.

According to the ""Wall Street Journal"" report, SK Group plans to invest 15 billion U.S. dollars in battery production from 2021 to 2025. In the same period, capital expenditures in semiconductor, green technology, biopharmaceutical and other fields will also reach 40 billion U.S. dollars."