Samsung Electronics builds sixth domestic contract chip-making line

📆 5/21/2020 10:45 AM
📰 Reuters

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Samsung Electronics Co Ltd has begun work on a sixth domestic contract chip production line, the company said on Thursday, to make logic chips for mobile phones and computers as it looks to cut reliance on the volatile memory chip sector.

FILE PHOTO - The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji

“This new production facility will expand Samsung’s manufacturing capabilities,” the company said in a statement on Thursday. “This is Samsung’s effort to narrow the gap with TSMC, as it still lags behind TSMC in the contract chip making market,” said Park Sung-soon, an analyst at Cape Investment & Securities.

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