Samsung Customers Seek Chip ‘Second Source’ on Geopolitical Risk
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Samsung Electronics Co. said the global technology industry is in search of alternative sources for advanced semiconductors given rising political risks.
Speaking at the South Korean company’s investor briefing, Sim Sang-pil, the head of corporate planning for its foundry business, laid out ambitious goals for the operation, which competes directly with Taiwan Semiconductor Manufacturing Co. Samsung expects to increase its foundry capacity by 3.3 times by 2027 compared with 2022.