SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News For You

    Samsung aims to expand chip production at its largest chip manufacturing facility

    Business
    By 

    Last updated: December 26th, 2022 at 07:39 UTC+01:00

    According to a South Korean newspaper (via MoneyControl), one of the biggest chip producers in the world, Samsung Electronics, aims to expand its semiconductor production at its P3 factory in Pyeongtaek, South Korea. Apparently, the P3 factory in Pyeongtaek is the company's largest chip manufacturing facility.

    This move is in contrast with the scaling back of investment by rival chipmakers, economic slowdowns in many regions across the globe, and falling demand. Industry experts believe that Samsung is eyeing to go ahead with the move to expand its chip production to grab a better market share among its rivals and also support its share price once the market recovers.

    The expansion plans involve the addition of a 12-inch wafer capacity for DRAM chips. Moreover, Samsung also plans to expand the plant with an additional 4nm chip capacity, which will be built under the foundry contracts, i.e., according to Samsung's clients' designs. Furthermore, the company is also planning to add at least “10 extreme UV machines” in 2023. Samsung hasn't confirmed this information.

    Samsung Electonics' competitor, Micron Technology Inc., announced last week that it will adjust down its investments in 2023, from $12 billion in 2022 to $7 billion to $7.5 billion next year. Because of the various macroeconomic factors, the Taiwanese chip giant, TSMC, reduced its annual investments by at least 10% in October 2022.

    Business 4nmDRAMSamsung ElectronicsSamsung FoundrySouth KoreaTaiwanTSMC
    Galaxy AI summarized

    Scroll for more related content
    News For You

    You might also like

    Samsung boss meets Amazon, Meta, and Qualcomm CEOs to discuss future strategies

    Samsung boss meets Amazon, Meta, and Qualcomm CEOs to discuss future strategies

    We recently reported that Samsung boss Lee Jae-yong traveled to the US on a business trip. He planned to meet the company's important partners and discuss future strategies. After meeting Verizon CEO last week, Lee met the CEOs of tech giants Amazon, Meta, and Qualcomm this week and sought increased cooperation. Samsung boss Lee Jae-yong […]

    • By Asif Iqbal Shaik
    • 22 hours ago
    Samsung will be ready to make 2nm mobile chips in 2025

    Samsung will be ready to make 2nm mobile chips in 2025

    Samsung Foundry unveiled its updated semiconductor chip process roadmap today. During the ongoing SFF 2024 expo in the US, the South Korean semiconductor chip giant unveiled its process roadmap for 2nm and 3nm chips and plans for specialized nodes for AI and automotive chips. Samsung Foundry plans to make 2nm chips in 2025 and 1.4nm […]

    • By Asif Iqbal Shaik
    • 1 day ago
    Samsung reportedly hiring ex-Apple Siri lead to head its new AI division

    Samsung reportedly hiring ex-Apple Siri lead to head its new AI division

    While Samsung introduced several new AI-powered features with the Galaxy S24 earlier this year, its AI-powered digital voice assistant, Bixby, hasn't received much attention. A new report claims that Samsung is hiring an ex-Apple employee in charge of Siri's contextual and conversational awareness to lead a new AI team. Ex-Apple Siri lead to reportedly lead […]

    • By Asif Iqbal Shaik
    • 2 days ago
    Samsung unveils its first-ever Color E-Paper display

    Samsung unveils its first-ever Color E-Paper display

    At the ongoing Infocomm 2024 expo in Las Vegas, USA, Samsung unveiled its Color E-Paper TV for the first time ever. It is a working prototype that uses a color e-ink display panel and can be used for advertising. It can be used in places like malls, offices, public places, restaurants, retail stores, and various […]

    • By Asif Iqbal Shaik
    • 2 days ago
    Young people in South Korea hold over $1 billion in Samsung stock

    Young people in South Korea hold over $1 billion in Samsung stock

    Foreign investors may be dumping Samsung Electronics stock worth billions of dollars, but there's one demographic that appears to be convinced of the company's future potential. The latest data from South Korea shows that young people in particular are fond of the company's stock. They hold more than $1 billion in Samsung Electronics stock, and […]

    • By Adnan Farooqui
    • 4 days ago
    Samsung executives buy nearly a million dollars of stock to support prices

    Samsung executives buy nearly a million dollars of stock to support prices

    The share price of Samsung Electronics has been stagnant for some time now. Investors have repeatedly called on the company to improve shareholder returns, and while Samsung has made some efforts, they haven't been enough. Foreign investors have already dumped billions of dollars worth of Samsung shares. One of the ways companies can support their […]

    • By Adnan Farooqui
    • 4 days ago