Samsung to invest more in foundry business to chase it’s rivals

Samsung is the world’s largest chipmaker and has decided to broaden the gap from its chip manufacturing rivals, though it aims to become a market leader in making more advanced memory chips by 2030.

According to the Korea Herald, Samsung is planning to do an investment of 240 trillion won means 187 billion dollars but has not implemented the whole amount. As if now only 1.7 billion foundry plants in Texas, United States.

Some popular blogs are talking that ‘US President Joe Biden’ could visit the Samsung Chip foundry at Pyeongtaek, Gyeonggi Province, and he would be on a three-day visit to Seoul from May 20 to 22, 2022.

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We all know that Samsung is planning to bring everything to one place whether it’s a lithography technician, engineer, or another type of skilled worker together necessary for chip making.

Samsung is planning to increase its foundry line for various types of products whether they are Foldable smartphones, OLEDs, QLEDs, or metaverse technology and equipment.

Instead of sourcing various necessary parts, Samsung is planning to manufacture them, all in one place, and this would definitely reduce the production cost and though the market price.

Let us tell you that SK Hynix, Hyundai, and LG along with Samsung could plan to make the biggest ever chipping consortium. But the top players have to work together and overcome many challenges, which they are going to face jointly.

Presently, they are busy investing individually to diversify and regulate their tax cuts. However, the announcement of the new government under the leadership of ‘President Yoon Suk-yeol’ could accelerate the momentum in the upcoming days.