Samsung confirmed during its Q2 2026 earnings call today that it will break ground on a second chip factory at the Taylor site before the end of this year.

This new facility will be the second foundry fab at the Taylor campus, and it comes as Samsung looks to keep up with growing demand for advanced chip manufacturing, especially from US-based tech companies.

Samsung also admitted that its current pace of advanced process expansion is falling behind demand, which is forcing it to move faster than originally planned.

The company stated it will gradually ramp up its 2nm capacity and is preparing to break ground on the second Taylor fab by year-end, with mass production targeted for 2030.

Samsung isn’t short on customers

Tesla has already signed a $16.5 billion chipmaking deal, and Broadcom’s massive $200 billion agreement with Samsung also covers advanced chip production.

“We will gradually expand our 2-nanometer capacity and are preparing to break ground on our second Taylor fab by the end of this year, targeting mass production in 2030,” Samsung said.

Samsung launched the Galaxy Tab S11 series almost a year ago. We’re almost due for the Galaxy Tab S12 series if this release cadence holds true, and Samsung has now confirmed that this new tablet family is indeed on the way.

Galaxy Tab S12 launch confirmation comes straight from a Samsung executive

Samsung executive Daniel Araujo confirmed the Galaxy Tab S12’s imminent arrival during the company’s Q2 2026 earnings call.

This isn’t exactly a surprise, since Samsung has launched a new flagship tablet family in the second half of each year, a trend dating back to 2023’s Galaxy Tab S9 range.

The answer came in response to a question about the mobile division’s financial pressures during the ongoing RAM crisis, which has been squeezing margins across the industry.

“To manage this, we’re focused on maintaining strong sales momentum of the S26 series, while ensuring the successful launch of new premium products coming out in the second half, such as the new foldable series, Tab S12, and Watch Ultra 2,” the executive explained.

He also mentioned that Samsung is pushing harder on upselling within the A series, particularly the A57 and A37, as part of its broader strategy to offset rising memory costs.

We’ve also seen unofficial renders, a live image, and other leaked details surfacing online well before this official acknowledgment. Well, the Galaxy Tab S12 won’t be the only new product arriving in the coming months.

Samsung is also set to launch its Android XR glasses this fall, alongside the pricier Galaxy S26 FE and open-ear Galaxy Buds On earbuds, which is expected to debut in the coming months as well.

Samsung Electronics’ MX (smartphone) business recorded an operating loss of 700 billion KRW in Q2 2026. This marks the division’s first quarterly deficit since performance tracking for the segment began in 2011.

According to the Q2 2026 earnings report released by Samsung Electronics on July 30, the MX (smartphone) business posted revenue of 33.2 trillion KRW and an operating loss of 700 billion KRW.

Revenue increased by 13.7 percent compared to the 29.2 trillion KRW recorded in Q2 2025. However, profit turned into a deficit, shifting from a 3.1 trillion KRW profit in the same period last year.

Compared to the previous quarter, revenue fell by 12.9 percent to 38.1 trillion KRW, and operating profit also turned from a 2.8 trillion KRW surplus into a loss.

Samsung explained that while demand for flagship products, such as the S26 series, remained solid and sales of the A series increased, profitability deteriorated due to rising component costs.

Samsung Electronics plans to expand its smartphone market share in the second half of the year by increasing the sales proportion of high-value products, including the Galaxy S26 Ultra and the Z8 series foldables.

The company also aims to defend profitability by enhancing cost competitiveness through the optimization of sales and operational resources.

Related article:

Samsung’s Q2 2026 profit jumps 19x on AI boom; Mobile Business meets loss

Samsung is teaming up with HYBE once again, this time to power the second leg of the North American run of the “Samsung Galaxy & BTS WORLD TOUR ‘ARIRANG’.”

Galaxy Z Fold 8 Ultra takes center stage

At the heart of the Samsung Galaxy & BTS WORLD TOUR ‘ARIRANG’ is the Galaxy Z Fold 8 Ultra. The company’s most advanced foldable phone is taking center stage to power the second leg of the North American run of the BTS concert.

Last week, Samsung launched the Galaxy Z Fold 8 Ultra alongside the Fold 8 and Flip 8 foldable phones. The device comes with a new 50MP ultrawide camera, a 5,000mAh silicon-carbon battery, and more Ultra innovations.

The phone is being positioned as the go-to companion for concertgoers wanting to hold on to their favorite live moments.

THE CITY is open to everyone

Anyone can join in through a stamp rally scattered across East Rutherford, or stop by the Samsung Galaxy Experience Booth at ARMY “MADANG” inside the Korean Cultural Center from August 1 through 3.

Concertgoers are encouraged to get to the stadium early to have the opportunity to learn how Photo Assist on the Galaxy Z Fold 8 can transport them into a music video inspired by BTS.

Experience attendees will have the exclusive opportunity to use the Interpreter feature to send a message to BTS, get a one-of-a-kind printed souvenir photo, and snap a cute mirror selfie featuring the BTS logo before they take their seats.

On July 30, Samsung officially announced its Q2 2026 earnings and profit, with the profit beating previous estimates riding on the AI boom.

The South Korean tech giant announced that DRAM and NAND sales remained at an all-time high in the second quarter. Strong memory chip sales helped Samsung flag record profit in Q2 2026, outclassing early estimations.

Samsung Q2 2026 revenue and profit

Samsung Electronics posted KRW 171.5 trillion in consolidated revenue, representing a quarter-on-quarter (QoQ) increase of 28%. Operating profit also reached another all-time high, increasing to KRW 89.5 trillion.

• Earnings (Revenue) – KRW 171.5 trillion
• Profit – KRW 89.5 trillion

It’s worth noting that the company’s second-quarter operating profit jumped 1,814% year on year, while revenue rose 130%. When compared quarter on quarter, profit climbed over 56%, while revenue climbed more than 28%.

While DRAM and NAND are selling at scale, Samsung also ramped the supply of HBM chips. Shipments of HBM4 are underway, with the company also shipping HBM4E samples to major customers.

Samsung’s MX Business flags negative profit

Samsung’s MX Business reported the first profit loss in years. The mobile division (including networks business) posted KRW 33.2 trillion in consolidated revenue and reported an operating loss of KRW 0.7 trillion for Q2 2026.

While revenue grew year-on-year (YoY) on solid sales of the Galaxy S26 series and strong Galaxy A series momentum, earnings declined due to elevated component cost pressures across the industry.

In H2 2026, Samsung sees robust yet stable demand for memory centered on servers and continuing AI infrastructure capex. Besides, the company expects to see a growth in demand for server DRAM, eSSDs, and HMB, accelerating.