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When Joe Biden landed in South Korea last month — his first official trip to the country as U.S. President — he headed straight for Samsung’s massive semiconductor factory outside Seoul.

There, he met with South Korean President Yoon Suk-yeol and Samsung Electronics Vice Chairman Lee Jae-yong, and praised the construction of a $17 billion Samsung semiconductor factory in Texas. The economic and strategic importance of semiconductors could not have been made any clearer.

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