MSN - AP World http://syn2.thecanadianpress.com:8080/mrss/feed/fcf7391a2f354311807f0501c16bde6a MSN - AP World Copyright © 2010-2018 The Canadian Press. All rights reserved. http://www.rssboard.org/rss-specification Wed, 10 Aug 2022 14:38:35 +0000 President Joe Biden Arrives in South Korea http://syn2.thecanadianpress.com:8080/mrss/feed/fcf7391a2f354311807f0501c16bde6a/ff214eeb64ed4238b4fb9c6c58140aaf President Joe Biden is opening his trip to South Korea with a focus on the U.S. tech sector, touring a Samsung computer chip plant on Friday. He's also set to go to Japan during the six-day tour. (May 20) ff214eeb64ed4238b4fb9c6c58140aaf Fri, 20 May 2022 09:25:54 +0000 SHOTLIST:RESTRICTION SUMMARY:US NETWORK POOLOsan Air Base, South Korea - 20 May 20221. U.S. President Joe Biden walks down stairs from Air Force One, greets officials on airport tarmacHEADLINE: President Joe Biden Arrives in South KoreaANNOTATION: US President Joe Biden landed in South Korea on Friday. beginning a six-day, two-nation Asia tour. He'll also go to Japan.2. Mid of Biden greeting officialsANNOTATION: It's the first stop on trip meant to put a focus on Asia as war in Europe rages and tensions with North Korea grow.ANNOTATION: President Biden is set to tour a Samsung computer chip plant on Friday where he'll be greeted by South Korea's new president, Yoon Suk Yeol.ANNOTATION: The Samsung plant will serve as model for a $17 billion semiconductor factory that the Korean electronics company is building outside Austin, Texas.ANNOTATION: Foreign policy challenges are also on President Biden's agenda, including North Korean missile tests and risk of Chinese aggression against Taiwan.STORYLINE: President Joe Biden is opening his trip to Asia with a focus on the U.S. tech sector, touring a Samsung computer chip plant on Friday that will serve as model for a $17 billion semiconductor factory that the Korean electronics company is building outside Austin, Texas.The visit is also a nod to one of Biden's key domestic priorities of increasing the supply of computer chips. A semiconductor shortage last year hurt the availability of autos, kitchen appliances and other goods. This supply crunch caused higher inflation that has crippled Biden's public approval and caused his administration to focus on increasing domestic manufacturing.Biden will grapple with a multitude of foreign policy issues during his six-day visit to South Korea and Japan, but he also crafted an itinerary clearly meant to tend to the concerns of his home audience as well. Previewing the trip aboard Air Force One, White House national security adviser Jake Sullivan said Samsung's investment in Texas will mean “good-paying jobs for Americans and, very importantly, it will mean more supply chain resilience.”Greeting Biden at the plant in South Korea will be the country's new president, Yoon Suk Yeol, and Samsung Electronics Vice Chairman Lee Jae-yong. Yoon is a political newcomer who became president, his first elected office, slightly more than a week ago. He campaigned on taking a tougher stance against North Korea and strengthening the 70-year alliance with the U.S.Part of the computer chip shortage is the result of strong demand as much of the world emerged from the coronavirus pandemic. But coronavirus outbreaks and other challenges also caused the closure of semiconductor plants. U.S. government officials have estimated that chip production will not be at the levels they would like until early 2023.Global computer chip sales totaled $151.7 billion during the first three months of this year, a 23% jump from the same period in 2021, according to the Semiconductor Industry Association. More than 75% of global chip production comes from Asia. That's a possible vulnerability the U.S. hopes to protect against through more domestic production and government investment in the sector through a bill being negotiated in Congress. The risk of Chinese aggression against Taiwan could possibly cut off the flow of high-end computer chips that are needed in the U.S. for military gear as well as consumer goods. Similarly, the hermetic North Korea has been test-firing ballistic missiles amid a coronavirus outbreak, a possible risk to South Korea's manufacturing sector should the brinksmanship escalate.===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory. President Joe Biden is opening his trip to South Korea with a focus on the U.S. tech sector, touring a Samsung computer chip plant on Friday. He's also set to go to Japan during the six-day tour. (May 20) President Joe Biden Arrives in South Korea