Samsung Electronics’ chip contract manufacturing business said Tuesday it plans to more than triple its advanced chip production capacity by 2027 to meet strong demand despite the current global economic downturn, Reuters reported.
The world’s second-largest foundry behind TSMC aims to mass produce advanced 2nm technology chips by 2025 and 1.4nm chips by 2027, which will be used for applications such as high-performance computing and artificial intelligence.
“Some progress has been made this year (in raising prices) and costs are being reflected …… ” said Moonsoo Kang, executive vice president of Samsung Electronics’ foundry business, “New orders won so far will be made in 2-3 years, so the immediate impact of the current environment will be minimal.”
Samsung began mass production of chips using 3nm technology in June this year. Samsung said the company is in talks with potential 3nm partners, including Qualcomm, Tesla and AMD, among others.
