President Joe Biden wrapped up his South Korea visit by highlighting Hyundai Motor’s pledge to invest at least $10 billion in electric vehicles and related technologies in the United States.
The three-day Biden-Yoon summit tended to various business and security interests, from supply chains to North Korea.
On Sunday, May 22, the last day of Biden’s visit, South Korean auto giant Hyundai Motor reaffirmed its $5.5 billion investment for an electric vehicle and battery factory in Georgia, with another $5 billion investment in artificial intelligence for autonomous vehicles and other technologies, according to a Voice of America report.
Biden toured Samsung’s chip complex in Pyeongtaek on his first day in Seoul, accompanied by the new South Korean president, Yoon Suk-yeol, and guided by Samsung Electronics Vice Chairman Lee Jae-yong. The complex houses some of the world’s largest chip production lines, accounting for about 15 percent of global memory chip production….