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

Samsung, fresh off its annunciation of good for you tertiary-quarter earnings, appear information technology plans to pump upwardly foundry product chapters to triple what information technology is today. That program is set to accept place over the next one-half-decade, reaching fruition by 2026.

To achieve its goals, Samsung will expand electric current operations in South Korea and could also construct a new U.Due south.-based manufacturing plant. As reported by Nikkei Asia, these plans come at a time when the company is in second place in the foundry game, with a global market share of 17% that's dwarfed by Taiwan Semiconductor Manufacturing Co.'south (TSMC) 53%.

There are far more companies in the chipmaking arena than only Samsung and TSMC, however. Intel, a company Samsung spars with on semiconductor acquirement charts, recently announced major plans to expand operations both domestically and abroad, recently making headlines for its vocal exclusion of the UK from its chip mill initiatives.

Since the beginning of the pandemic, chip shortages and associated supply headaches have been on many companies' minds beyond a bevy of sectors, ranging from automakers to telephone manufacturers. Many governments take gotten involved too, with efforts to combat the semiconductor crisis roping in the likes of Republic of korea and diverse European union nations, likewise as heating up the chipmaking war betwixt the U.Southward. and Red china.

Samsung's foundry efforts, much like every other company's, won't materialize overnight, hence the 2026 target borderline. This is par for the course and aligns with recent news such as how Intel'southward new Arizona-based chip factories only recently entered the structure stage after having been announced for months.

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