Tag: samsung semiconductor

Chipmaker Rout Engulfs TSMC, Samsung With $240 Billion Wiped Out
Technology

Chipmaker Rout Engulfs TSMC, Samsung With $240 Billion Wiped Out

[ad_1] Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion. Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion from the sector's global market value after the Biden administration imposed curbs on China's access to semiconductor technology. Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, plunged a record 8.3% on Tuesday. Samsung Electronics Co. and Tokyo Electron Ltd. also tumbled on concern US efforts to ensure international cooperation will crimp their ability to export to China. The selloff spread to currency markets. South Korea's won slumped more than 1.6% versus the greenback while the Taiwan dollar dropped 0.7% amid lo...
Samsung Woos US Chip Buyers With Tech Advances, Texas Focus
Technology

Samsung Woos US Chip Buyers With Tech Advances, Texas Focus

[ad_1] Samsung Electronics Co. announced an aggressive five-year plan to lure US chip buyers with more advanced technology. 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. Samsung shares rose 4% in Seoul on Tuesday after falling by almost a third this year with rising costs and a downturn in t...