Samsung Woos US Chip Buyers With Tech Advances, Texas Focus
- New plant outside of Austin will help expand its chip foundry
- Samsung is racing TSMC to produce chips at 1.4-nanometer scale
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Samsung Electronics Co. announced an aggressive five-year plan to lure US chip buyers with more advanced technology, aiming to produce transistors that are just 1.4 nanometers wide by 2027.
The company’s chip contract-manufacturing unit -- known as a foundry -- is looking to triple its revenue by that year from the 2021 level, Executive Vice President Moonsoo Kang said at a briefing Monday in San Jose, California. To get there, the business will need to make several technological leaps and further inroads in the US market for outsourced chips.