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Last updated: March 20th, 2020 at 11:32 UTC+01:00
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A new report predicts that Samsung's market share in the global foundry industry is going to drop in the first quarter of this year compared to the last quarter of 2019. This prediction covers the January-March 2020 period for Samsung's foundry business.
Industry tracker TrendForce reports that Samsung's foundry business logged an estimated 15.9 percent market share in the first quarter of this year, with revenues of $2.9 billion, in the quarter ending March 2020. If the estimate is accurate, Samsung's global foundry market share will be down almost two percentage points compared to the preceding quarter.
“The pandemic has made a serious impact on South Korea, whose domestic market demand may be diminished as a result,” the report says, adding that “This is projected to affect Samsung's 2020 revenue performance.” Samsung also revised its own business expectations for the year, acknowledging that its main operations will be affected by the global outbreak.
Samsung has been extremely focused on expanding its foundry business over the past few years. The company sees it as a growth driver for the future and it has been able to bring some key new clients onboard. Samsung is making PC CPUs for Intel in addition to making AI chips for China's Baidu.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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