Samsung creates new contract chip manufacturing unit

Remigio Civitarese
Mag 19, 2017

The South Korean tech giant said last month it has finalized the development of second-generation 10-nanometer (nm) FinFET process technology, claiming the development will help the firm secure more foundry business partners.

The new division will be responsible for making mobile processors and other non-memory chips for clients such as Qualcomm Inc and Nvidia Corp, competing with firms such as Taiwan Semiconductor Manufacturing Co.

Samsung Electronics Co. on Friday opened a new department under its chip division focusing on the foundry business, in line with the company's efforts to expand its market presence in the area.

The move is unlikely to surprise. Samsung is now the fourth biggest company in the foundry sector, with Taiwan-based TSMC leading the way, followed by UMC and USA firm GlobalFoundries. Although foundry operations make a relatively small percentage of Samsung's overall revenue, it's one of its fastest-growing businesses. The heir of the Samsung empire is accused of paying around $38 million in bribes to Park's long time confidante, Choi Soon-Sil, in order to secure a controversial merger between Samsung C&T and Cheil Industries, which prosecutors say was meant to consolidate control of the country's largest conglomerate.

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