News Analysis Samsung Electronics Vice Chairman Lee Jae-yong’s recent trip to North America was likely aimed at finalizing site selection for Samsung’s new $17 billion chip foundry plant. Hong Kong financial expert Liao Shiming believes the United States is cooperating with Samsung to restructure its high-tech supply chain. Lee appeared at a business airport in Seoul in the early morning of Nov. 14. He briefly talked to the press before hopping onto a charter flight to Canada. When asked whether he would finalize the foundry investment plan in the United States, Lee replied, “I will meet many [semiconductor] partners.” This is Lee’s first trip abroad since his parole in August. It is also his first visit to the United States in more than five years. Lee was sentenced to two and a half years in prison on suspicion of bribery in January this year. Deducting the time he had previously …
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