Lutnick urges Samsung, SK Hynix to expand U.S. chip output

U.S. Commerce Secretary Howard Lutnick is pushing for South Korean tech giants Samsung and SK Hynix to boost their semiconductor production in the U.S. This comes amid growing concerns about global supply chain vulnerabilities and a surge in demand for AI memory chips. By urging increased local production, Lutnick aims to bolster national security and reduce dependency on foreign tech supply, highlighting the strategic importance of domestic tech manufacturing. This move could reshape the global semiconductor landscape and influence future investments in the sector.