Samsung promises to triple its semiconductor production by 2026

Although the announcement comes as a weak consolation in the context of the current global semiconductor crisis, Samsung Foundry promises to catch up with rival TSMC by delivering three times more chips than at present, starting in 2026.

Samsung confirms the construction of at least another factory of semiconductors, expanding the production capacity available in current factories. Although very expensive to implement, the plan will help the South Korean manufacturer keep up with market leader TSMC and Intel Foundry Services, a new player with huge resources behind it.

“We plan to expand our capacity approximately three times by 2026 to meet customer needs as much as possible by expanding capacity in Pyeongtaek, while considering setting up a new plant in the US,” said Samsung CEO Han Seung-hoon.

What is certain is that Samsung has never revealed its real chip production capacity in terms of advanced nodes such as 5nm and 3nm, so it is difficult to appreciate exactly what the statement “three times” means.

Recently, the South Korean company held talks with US authorities to expand the plant in Austin, Texas, as well as on the development of additional production facilities in New York, Arizona or Texas. However, the exact plans remain unconfirmed for the time being.

The company plans to invest more than $ 150 billion to become the world’s largest semiconductor chip company. Samsung Foundry currently produces chips for top customers such as IBM, NVIDIA and Qualcomm. The company recently announced the start of volume production for 4nm and even 3nm chips, available from the second half of 2022.

Source: Go4IT by

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