In a significant move for the semiconductor industry, Samsung Electronics has announced plans to invest 300 trillion won (approximately $226 billion) over the next two decades to expand its foundry business. The announcement was made by Samsung’s Vice Chairman Han Jong-hee during the company’s first semiconductor strategy meeting held on March 16, 2023. This initiative aligns with the growing demand for chips in various sectors, including 5G, artificial intelligence, and automotive industries. Han stated, “We will strengthen our foundry business to provide world-class services and solutions.” The investment is aimed at enhancing Samsung’s capabilities in advanced technologies and catering to the needs of its clients, which include tech giants like Qualcomm and Nvidia. By 2030, Samsung aims to solidify its position as a leader in the global semiconductor foundry market, competing closely with TSMC, which currently holds a dominant market share. Recent reports indicate that the global semiconductor market is estimated to reach $1 trillion by 2030, further pushing companies to innovate and expand production capacities. In tandem with foundry expansion, Samsung is also committed to sustainable practices, planning to invest in environmentally friendly technologies to reduce its carbon footprint in the semiconductor production process.
Samsung Expands Foundry Business as Market Demand Soars
