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The Korea Herald
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THE INVESTOR
April 27, 2024

Samsung

Samsung, SK beef up foundry biz

  • PUBLISHED :June 07, 2017 - 10:04
  • UPDATED :June 07, 2017 - 11:28
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[THE INVESTOR] Korean chipmakers are expanding their foundry businesses in line with rising global demand, industry watchers said on June 7.

Last month, Samsung opened a new department under its chip division focusing on the foundry business, as part of its efforts to expand its market presence in the sector. Samsung’s chipmaking business unit has a three-pronged structure -- the semiconductor business, namely memory, the system LSI and the foundry.

No. 2 chipmaker SK hynix also spun off its foundry business last month in order to beef up its competitiveness in the sector.

Industry watchers said demand for chips will further increase down the road as the fourth industrial revolution will speed up the development of the Internet of Things, big data and artificial intelligence technologies, which are all deeply linked to chips.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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