Shinsegae Group Chairman Chung Yong-jin Attends U.S. Launch Ceremony for “Foundry School,” Discusses AI Supply Chain Cooperation
TECHWORLD ·
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Chung Yong-jin, chairman of Shinsegae Group, attended the launch ceremony for the U.S. “Foundry School” at the Trump Peace Institute in Washington, D.C., on the 3rd (local time).
The event was held at the invitation of U.S. Vice President J.D. Vance and the U.S. Department of State, and it is a manufacturing and advanced-industry talent-development project jointly promoted by the U.S. Department of State and Stanford University.
Shinsegae Group said it is expanding its ties to the AI supply chain initiative through its partnership with ReflectionAI, while also pushing ahead with the establishment of a joint venture (JV) and site selection.
Chung Yong-jin, chairman of Shinsegae Group, attended the launch ceremony for the U.S. “Foundry School.” Shinsegae Group said Chung attended an event at the Trump Peace Institute in Washington, D.C., on the 3rd (local time). The visit coincided with the launch of a U.S. government-led project to cultivate talent for advanced industries, and it also served as an occasion to discuss Korea-U.S. cooperation plans, including the AI supply chain.
The event was organized at the invitation of U.S. Vice President J.D. Vance and the U.S. Department of State. The “Foundry School” is a project jointly promoted by the U.S. Department of State and Stanford University. It is a talent-development project for manufacturing and advanced industries, with a structure linking the government, industry, and academia.
The program targets entrepreneurs, engineers, and talent in advanced manufacturing. Its goal is to secure capabilities for developing actual products and services. The project was presented as one of the implementation strategies for “Pax Silica.”
“Pax Silica” is a multilateral economic security consultative body launched by the U.S. in December last year. Through it, the U.S. is seeking to reorganize supply chains for semiconductors, AI, advanced manufacturing, and energy technologies around allies. South Korea is participating in “Pax Silica,” and Japan, Australia, Singapore, the Netherlands, and the U.K. were mentioned as participating countries.
Attendees at the launch ceremony included Vice President Vance, U.S. Secretary of State Marco Rubio, House Republican Whip Steve Scalise, and Jacob Helberg, the State Department’s undersecretary for economic affairs. From the industry side, leaders from AI and semiconductor companies were present, including Dina Powell McCormick, president of Meta; Sanjay Mehrotra, CEO of Micron Technology; and Gary Dickerson, CEO of Applied Materials.
Amid this trend, Shinsegae Group is widening its points of contact with the U.S. AI supply chain initiative through its partnership with ReflectionAI. In March, Shinsegae Group signed a partnership with ReflectionAI to build a large-scale domestic AI data center (AIDC). ReflectionAI is a U.S. AI company that develops open-weight AI models, and Misha Laskin, cofounder and CEO of ReflectionAI, attended the Foundry School as a speaker that day.
According to Shinsegae Group, the two companies’ data center cooperation is the first project under the “AI Export Program,” which the U.S. Department of State has been promoting with the aim of spreading trustworthy AI globally. In addition, Shinsegae Group is pushing ahead with the establishment of a joint venture (JV) and is also pursuing site selection.
Misha Laskin, CEO of ReflectionAI, said the company is working with Shinsegae Group under the leadership of Chung Yong-jin, chairman of Shinsegae Group. He described the cooperation as an example of a strong Korea-U.S. partnership and of how the U.S. and its allies work together in practice, adding that strengthening partnerships with allies can promote technological innovation and drive economic development worldwide.
Chung Yong-jin, chairman of Shinsegae Group, said that successfully leading an alliance centered on the U.S. supply chain for advanced industries is a task of the era. He added that Korea and the U.S. can generate greater synergy through cooperation, and explained that excellent talent is essential for the development of advanced industries represented by AI. He also said Shinsegae Group plans to attract and nurture talent through creative innovation.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406556
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Source: TECHWORLD
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