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Supply Chain

Biden visits Samsung's chip plant to highlight economic security

President calls for supply-chain coordination among value-sharing partners

U.S. President Joe Biden and South Korean President Yoon Suk-yeol visit the Samsung Electronics Pyeongtaek campus on May 20.   © AP

SEOUL -- Minutes after arriving in South Korea on Friday, U.S. President Joe Biden visited a nearby semiconductor plant of Samsung Electronics, heralding the importance of bolstering supply chain resilience among "value sharing" countries.

The American president made a 10-minute speech after touring the world's largest semiconductor factory in Pyeongtaek, south of Seoul, with his South Korean counterpart, Yoon Suk-yeol. Samsung Vice Chairman Lee Jae-yong led the leaders through the sprawling facility.

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