Samsung Woos US Chip Buyers With Tech Advances, Texas Focus
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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...