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Samsung challenges global chip shortage with plan to triple foundry production efforts

Samsung, fresh off its annunciation of healthy third-quarter earnings, announced it plans to pump up foundry product capacity to triple what it is today. That program is set to have place over the next half-decade, reaching fruition by 2026.

To attain its goals, Samsung will expand electric current operations in Republic of korea and could also construct a new U.S.-based factory. Every bit reported past Nikkei Asia, these plans come at a fourth dimension when the visitor is in second identify in the foundry game, with a global market share of 17% that's dwarfed by Taiwan Semiconductor Manufacturing Co.'due south (TSMC) 53%.

In that location are far more companies in the chipmaking loonshit than just Samsung and TSMC, nevertheless. Intel, a visitor Samsung spars with on semiconductor revenue charts, recently announced major plans to aggrandize operations both domestically and abroad, recently making headlines for its vocal exclusion of the UK from its chip factory initiatives.

Since the beginning of the pandemic, scrap shortages and associated supply headaches have been on many companies' minds across a bevy of sectors, ranging from automakers to phone manufacturers. Many governments have gotten involved equally well, with efforts to combat the semiconductor crunch roping in the likes of Republic of korea and various EU nations, as well as heating up the chipmaking war betwixt the U.Due south. and China.

Samsung'south foundry efforts, much similar every other visitor'south, won't materialize overnight, hence the 2026 target deadline. This is par for the course and aligns with contempo news such as how Intel'due south new Arizona-based chip factories merely recently entered the construction phase after having been announced for months.

Source: https://www.windowscentral.com/samsung-challenges-global-chip-shortage-plan-triple-foundry-production-efforts

Posted by: aguilarsals1979.blogspot.com

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