Transcript - Remarks: Joe Biden Tours a Samsung Facility in Pyeongtaek, South Korea - May 20, 2022 | Factba.se

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President Biden, great to see you again. Welcome to P3. We're now the world's largest fab.

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It looks very sparse right now, following [Inaudible] just started installing [Inaudible] one week [Inaudible] eventually we will have 4,400 [Inaudible] which will explain the [Inaudible].

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Good evening, everyone. It's truly an honor to meet you, Mr. President, and all of our respective guests. Welcome to Samsung. And it's actually one of the best selling CVD system in applied materials. And in fact, we -- over 5,000 systems were sold in 2018 in Samsung. And that was a big part of moment for us.

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Now, I want to give a very short example, and then I'll wrap it up within a minute. And then -- we're living in a new era of growth where [Inaudible] at a much faster rate than the [Inaudible] related to intelligent age, AI, big data, machine learning languages, so forth, right? So, which means we need to meet our demand.

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We need to [Inaudible] multiple trillions of trillions of transistors. In order to do that, our customers have to produce or manufacture chips. Samsung is doing a tremendous job on the opening of new [Inaudible] --

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[Inaudible] Yes. As you see in the wall back there, from that wall over to this wall is 350 yards. And this is half of the first floor of this fab. So, we have a space this big. We have four of them within this fab. Another floor. And this one is twice the size from that wall. So, that gives you a good idea about how large this fab is.

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OK, now, let's [Inaudible] --

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Oh, I'm so sorry.

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OK. I will not [Inaudible]. But don't forget to vote.

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Now, let's move to the third --

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Thank you I appreciate it.

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This company is called LAM Technologies, and this one is based in Fremont, California, and it is the third largest equipment company in the world.