Seoul, November 12, 2012 : .Samsung Electronics is moving closer to selecting the US site for its next chip plant.
This is despite increasing competition in the industry due to global shortages.Seoul, 11/11 : , Samsung Electronics, world’s largest memory chip maker and cell phone manufacturer, is closer to picking a site in the US for its new plant.The reason is that there is increasing competition within the semiconductor industry, despite global shortages. Lee Jae-yong, the tech giant’s vice chairman, is expected to visit the US as early as next week to finalise the company’s US$17 billion investment project there.
Lee Jaeyong is the vice chair of the tech giant and will be visiting the US next week in order to complete the US$17 billion project.Lee Jaeyong, vice chairman of tech giant, will visit the US in the next week to conclude the US$17billion investment project.
Samsung has, in recent months, vowed to bolster its presence in foundry, or chip contract manufacturing, and logic chip businesses in a bid to expand its footprint in the markets dominated by Taiwan Semiconductor Manufacturing Company (TSMC) Ltd and Intel Corp, respectively.In recent months Samsung pledged to increase its market share in logic chip and foundry manufacturing in order to compete with Intel Corp and Taiwan Semiconductor Manufacturing Company Ltd.Samsung recently pledged to boost its presence in findry or chip contract manufacture and logic chips businesses to help expand its reach in markets dominated respectively by Intel Corp and Taiwan Semiconductor Manufacturing Company Ltd (TSMC).
Late last month, the company laid out its vision to increase its foundry capacity by three times the level of 2017.
The company presented its plans to triple its foundry production capacity in late 2017.Last month, the company laid out its plan to three-fold its 2017 foundry capacity.
“We are planning an unprecedented level of investment in foundry infrastructure and equipment,” said Han Seung-hoon, senior vice president of the foundry division, during an earnings call on October 28.”We plan an unprecedented level in investment in foundry equipment and infrastructure,” Han Seung-hoon (senior vice president, foundry division), said during an earnings conference on October 28.”We have an unprecedented level to invest in foundry infrastructure” said Han Seunghoon during an earnings call held on October 28.
The company said its foundry business posted record revenue for the three months ending in September, without disclosing specific sales or profit figures, reports Yonhap.Yonhap reports that the company’s foundry business reported record revenues for three months ended September without disclosing sales figures or profits.Yonhap reported that the foundry company posted record revenue in September for its three-month period.
However, it did not disclose specific sales numbers or profit figures.
It said the chip contract manufacturing division is “expected to continue to deliver strong improvements in results” in the fourth quarter “by securing technology leadership through the 3-nm Gate-All-Around (GAA) process and by meeting demand through active investments.”According to the company, the chip contract manufacturing unit is expected to “continue to deliver strong improvements to results” for the fourth quarter.This was achieved by securing technological leadership via the 3-nm Gate-All-Around process (GAA), and meeting the demand through active investments.
The chip contract manufacturing segment is said to be “expected to continue to produce strong improvements in results in the fourth quarter” by “securing technology leadership through 3-nm Gate-All-Around’ (GAA), as well as meeting demand via active investments #Samsung #chip #factory
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