Samsung Electronics Co., the world’s second-biggest chipmaker, is increasing its effort in semiconductor outsourcing, separating the company’s foundry business into a new unit as part of a challenge to market leader Taiwan Semiconductor Manufacturing Co.
Samsung is elevating the foundry business to show its independence and guarantee its access to resources within the company. The South Korean company on Wednesday also promised customers that it will introduce new production techniques ahead of competitors and have a new plant up and running by the fourth quarter of this year.