U.S. Commerce Secretary Urges Samsung and SK Hynix to Increase Memory Chip Production

Jul 9, 2026

AI Summary

Commerce Secretary Howard Lutnick has urged Samsung and SK Hynix to enhance memory chip production in the U.S. to alleviate a global shortage affecting artificial intelligence development. Discussions are ongoing, highlighting the importance of strengthening the American chip supply chain.

U.S. Commerce Secretary Urges Samsung and SK Hynix to Increase Memory Chip Production

Howard Lutnick, the U.S. Commerce Secretary, is advocating for increased memory chip production by Samsung Electronics and SK Hynix in the United States.
The call for expansion aims to address a global shortage of components essential for artificial intelligence.
Lutnick is in talks with the two South Korean companies but has not disclosed specific details of the discussions.
He acknowledged potential concerns from Micron Technology's CEO Sanjay Mehrotra regarding competition but emphasized the need for a more robust American chip supply chain.

memory chipsus productionai developmentsamsungsk hynix

U.S. Commerce Secretary Urges Samsung and SK Hynix to Increase Memory Chip Production

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