Samsung Electronics to triple advanced chip production by 2027, sees robust demand

Samsung Electronics to triple advanced chip production by 2027, sees robust demand
ETtech

Samsung began mass producing chips with 3-nanometre technology in June. The company was in talks with potential customers for 3-nanometre collaboration, including Qualcomm , Tesla and Advanced Micro Devices

Samsung Electronics’ chip contract manufacturing business said on Tuesday it plans to more than triple its advanced chips production capacity by 2027 to meet strong demand despite current global economic headwinds.
The world’s second-largest foundry after Taiwan Semiconductor Manufacturing Co (TSMC) is targeting mass production of advanced 2-nanometre technology chips by 2025 and 1.4-nanometre chips by 2027, set for use in applications such as high-performance computing and artificial intelligence.
“There has been some progress (in raising prices) this year, and costs are being reflected… New orders won currently will be made after two-three years, so the direct impact of the current atmosphere will be minimal,” said Moonsoo Kang, executive vice president of Samsung Electronics’ foundry business.
Samsung began mass producing chips with 3-nanometre technology in June. The company was in talks with potential customers for 3-nanometre collaboration, including Qualcomm , Tesla and Advanced Micro Devices, Samsung said.
Samsung, the world’s largest memory chip maker, has had difficulties in meeting clients’ expectations for foundry yields in recent years. Analysts said the company had pushed advanced technology too quickly to compete with TSMC, but had suffered from having less experience with the long-term client cooperation needed in contract manufacturing.
Samsung coCEO Kyung Kye-hyun told reporters its foundry business had lagged TSMC’s development schedule and performance in 5- and 4-nanometre chips, but customers were interested in the second version of 3-nanometre chips to be made from 2024.
“We have been keeping in line with customers’ expectations since the start of 3-nanometre mass production this year,” Kang said.
He noted that demand for advanced 5-nanometre and finer chips is rapidly increasing despite current inflationary pressures due to long-term expansion of high-performance computing, artificial intelligence, 5G and 6G connectivity and automotive applications.
The industry may find it difficult to meet demand even if all planned investments are executed, he said.
The limited number of advanced chipmaking machines that can be produced by Dutch company ASML limits how much advanced chip capacity can be added, Kang added.
“US customers are especially interested in production in the United States, for supply chain stability,” Kang said. “Our Taylor site is very large… It’s a good site for expansion,” he added.
Samsung is currently building chip production in Taylor, Texas for operations starting in 2024.

News Related

OTHER NEWS

15 Black Friday Deals That Best Buy, Amazon and Others Can't Match

From cheap Sam's Club memberships to lifetime cloud storage plans, there are deals here for everyone. Read more »

Walmart Black Friday Deals Continue Into the Weekend as Cyber Monday Approaches

Black Friday may be gone but Walmart's deals aren't going anywhere -- yet! Read more »

2 Best Ways to Create a Protected PDF from a Microsoft Word File

PDF is one of the most common and preferred file formats for presenting or sending documents. Regardless of your device or operating software, most users can access a PDF’s content. ... Read more »

How to become a truly excellent gift giver

It’s a special kind of agony to realize, while exchanging gifts with someone, that they got you something way, way better than what you got them. A few years ago, ... Read more »

Huge 1-Day Apple Sale at Best Buy Discounts Every Apple Product

Apple products rarely see steep discounts so now's the time to act. Read more »

Private sector satellites to boost IoT, ham radio use, earth observation

ISRO From helping machines to talk to each other to monitoring the health of the earth, the private sector satellites launched onboard Indian Space Research Organisation’s PSLV C-54 mission on ... Read more »

Elon Musk says he will support Florida's DeSantis if he runs for president

Billionaire Elon Musk said on Friday he would support Ron DeSantis in 2024 if the Florida governor, who recently coasted to a second term, were to run for president. DeSantis ... Read more »

Cambridge university publishes surviving Charles Darwin correspondence online

A member of staff walks under a portrait of Charles Darwin on show at an exhibition at Darwin’s former home Down House, in Kent, southern England, on February 12, 2009. ... Read more »

Czech pubs tap tech in bid to save energy costs on beer

Reuters A bartender pours a glass of beer from a tap inside a pub in Prague, Czech Republic Czech pubs are turning to technology to reduce the cost of putting ... Read more »

Top 7 Ways to Fix Gestures Not Working on Android

Your Android phone supports a variety of gestures that allow you to switch between apps, take screenshots, and perform other advanced functions. Using them frequently can be quite inconvenient when ... Read more »

AI is rewriting the rules of creativity. What does that mean for human imagination?

For the first time in human history, we can give machines a simple written or spoken prompt and they will produce original creative artefacts – poetry, prose, illustration, music – ... Read more »

How independent voters saved Democrats

Democrats would not have had such a good election night without the support of independent voters. These mystical swing voters don’t affiliate themselves with a specific party, tend to be ... Read more »

iPhone is not as secure as Apple claims

Data privacy has long been a priority for Apple. But, two developers have provided new information that calls into doubt the iOS privacy statement. It turns out that the Cupertino ... Read more »

Google's Project Zero Team warns of gap in Android Security updates

Representative image. Google’s team of security researchers called Project Zero has said Android models from various manufacturers are vulnerable to flaws that are now months old. Security researcher Jann Horn ... Read more »

100+ Amazon Black Friday Deals Still Going Strong Ahead of Cyber Monday

Amazon has switched focus to Cyber Monday, but most of its Black Friday deals are still up for grabs. Read more »

Best Cyber Monday Headphones and Earbuds Deals: Save Big on AirPods, Sony, Bose, Jabra and More

Looking for the best Cyber Monday 2022 headphones and earbuds deals? These are our top picks for the best offers available right now. Read more »

5G rollout to be faster in India, gears from neighbouring countries need more checks: Nokia India

(Image: News18 Creative) India is going to record the fastest 5G rollout in the world and it is going to have the biggest success of the next -generation telecom service ... Read more »

70% gamers in India prefer PC gaming over mobile phone, finds HP India study

HP Pavilion Aero 13-be0205AU Smartphone makers better watch out. According to a new study conducted by PC maker HP, 70 percent of Indian gamers prefer gaming on a personal computer ... Read more »

YouTube: a big increase in the number of paid subscribers

Over 80 million people have subscriptions to YouTube Premium and YouTube Music as of September 2022. It’s a good number for the Google platform on its way to make its ... Read more »

Five key decisions at global wildlife summit

Sharks were the star of the CITES summit Panama, which approved the protection of more than 50 species. A global wildlife summit that ends Friday passed resolutions to protect hundreds ... Read more »

Costa Rica crocodiles survive in 'most polluted' river

A crocodile swims amid garbage in the Tarcoles River, one of the most polluted in Central America. This species is thriving despite the toxic waters. In one of the most ... Read more »

From Meta to Zomato, how India's new online review rules will impact industry

ETtech The new norms have been finalised by the BIS and came into affect after the Department of Consumer Affairs (DCA) received complaints about fake product reviews (Illustration: Rahul Awasthi) ... Read more »

IPO-bound Oyo reports EBITDA of Rs 56 crore in Q2 as per financials submitted to Sebi

ETtechNew Delhi: Hospitality chain Oyo has reported an adjusted EBITDA of Rs 56 crore in its quarter two financial results submitted to SEBI and has reported losses of Rs 333 ... Read more »

Elon Musk has plans to make a smartphone but only if…

If we are sure of anything about Elon Musk, it should be his controversial nature. Elon Musk has “funny” views about several topics. He has always expressed his dissatisfaction with ... Read more »

ONDC is actively engaging with brands, says DIF head Arvind Gupta

ETtech According to the report, banking and financial services, travel, transport, logistics, food services and hospitality are the other industries which are integrating with (Illustration: Rahul Awasthi) Consumer goods marketers ... Read more »

WhatsApp is working on the ability to share voice notes as status updates

Representative image WhatsApp is working on the ability to let users set voice messages as status updates. The Meta-owned messaging platform currently lets users share images and videos as status ... Read more »

Elon Musk says he will make 'alternative' phone if Twitter removed from app stores

ETtechTwitter CEO Elon Musk on Saturday said that he will produce an “alternative” phone if the micro-blogging platform was to be removed from the app stores of Apple and Android.Twitter ... Read more »

9 Ways How You Can Speed Up Firefox

Browsers can suddenly slow down for a lot of reasons. If you love to multitask, having lots of tabs open can be heavy on the browser. Or, if you love ... Read more »

Gamitronics partners with Canadian gaming major Big Viking Games for global expansion

ETtechAR/VR robotics company Gamitronics said it has entered into a strategic partnership with the Canadian gaming major Big Viking Games (BVG) to fuel the global expansion of its blockchain technology-led ... Read more »

The Drive Report: 2022 Range Rover

At Rs 2.56 crore, the diesel Range Rover SE is certainly costlier than its competitors, but it remains peerless in design and the new one manages high speeds much better, ... Read more »

WhatsApp is working on these features – release Call tab for Windows

Over the past few months, WhatsApp has been releasing updates for the app. The chat platform now supports video calls with 32 people as well as polls in chat. However, ... Read more »

Undersea Hengqin line now connects Guangdong and Macao

A large-diameter undersea tunnel for light rail connecting China’s Macao Special Administrative Region (SAR) and Guangdong Province was completed on Friday, the first of its kind for Macao’s Light Rapid ... Read more »

Brazil starts confiscating iPhones directly from Shops

In Brazil it might be quite hard to buy an iPhone in the run-up to Christmas. This is due to the fact that state authorities have started to confiscate the devices ... Read more »

Google Launches Emergency Chrome Zero-Day Patch Update

Google has released a new emergency update for the Google Chrome web browser’s desktop version to address the eight zero-day issue exploited in an attack this year. According to Forbes, ... Read more »

Chinese Telecom and Surveillance Tech Banned by FCC

The Federal Communications Commission (FCC) announced that they are revoking authorization for certain equipment. The companies affected by this are Huawei, ZTE, Hikvision, Hytera, and Dahua, which sells telecommunication and ... Read more »

RBI directs Paytm to resubmit application for payment aggregator license

ETtechDigital payments and financial services company Paytm said on November 26 that the Reserve Bank of India (RBI) has rejected its application for payment aggregator license.In a regulatory filing, the ... Read more »

iPhone shoppers have trouble finding Apple’s latest devices on Black Friday as Foxconn’s Covid troubles hit supplies

Many shoppers looking for Apple’s latest high-end phones returned empty-handed from its stores this Black Friday as the technology company struggles with production snafus in China. Among them were Sally ... Read more »

Poco X5 5G visits 3C, IMDA certification sites ahead of launch

The much-awaited Poco X5 5G smartphone has passed through the 3C website after bagging the BIS India, and FCC certifications. Poco is on the verge of launching the C50 in ... Read more »

Vice Society Ransomware Claims Responsibility for Cincinnati State College Cyberattack

The hackers behind the Vice Society ransomware group claimed the responsibility, for a cyberattack against a State college. Documents from Cincinnati State Technical and Community College were leaked on Tor, ... Read more »
Breaking thailand news, thai news, thailand news Verified News Story Network