(Bloomberg, Washington) U.S. President Biden Bayeng on Wednesday (April 26) defended the US chip bill, saying that the bill was not designed to hurt China, but to promote the manufacturing and employment of the United States, ensure that the United States does not need to needWorried about the problem of semiconductor supply.

At a joint press conference with South Korean President Yin Xiyue that day, Bynden was asked whether the measures that the United States restricted investment in China responded to the predicament of the United States.Benefit.

He said: "This is not to hurt China. This is to make us don't have to worry about whether they can obtain semiconductors. We will not sit still and wait for the situation where these semiconductor cannot be obtained."

The chip bill issued by the Biden government last year promoted the US semiconductor manufacturing industry through subsidies and tax credits.However, these preferential measures have additional conditions, including sharing excess profits with the US government, and restricting their expansion business in China.

The US Department of Commerce said these measures are necessary to ensure that the taxpayer's money will not be wasted or used to increase its dependence on China.

Bynden and Yin Xiyue held a joint press conference after holding the U.S. -South Korean summit talks.Biden reiterated that the US chip bill has no intention of harming the interests of South Korea.He said: "People can rest assured that the good development of the Korean economy is definitely in line with our interests."

Bynden pointed out that most Korean companies believe that the United States tries to slow down their pace to some extent and prevent them from growing, but the United States actually "wants to see them growing, this is true."

He said: "We believe that economic growth in South Korea is conducive to the freedom of the United States and all over the world."

Including South Korea Samsung Electronics and SK Hynix, such as the strict conditions of the chip bill.The Minister of Commerce in South Korea, Li Changyang, said earlier that the South Korean government will work closely with the United States to work hard to cope with the various uncertainty brought by the bill and the terms of the burden on the enterprise.He pointed out that these problems can be greatly eased or resolved through negotiations from corporate participation.

The United States and South Korea agreed to set up a new dialogue mechanism on the next -generation emerging technologies in chips, batteries and other fields to promote related R & D work.Yin Xiyue said: "President Biden stated that he would spare no effort to support the investment and business activities of Korean companies."

Yonhap News Agency reported that this mechanism aims to seek cooperation between the two countries in the fields of biotechnology, power batteries, energy technology, chips, digitalization, quantum computing and other fields.The meeting took turns to be held in the two countries, and the first half of the meeting appeared.

The statement of the Presidential Palace of South Korea pointed out that this dialogue mechanism will contribute to the development of global innovation ecosystems and building a tough global supply chain.