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Samsung to Top Chip Capital Expenditures in 2021 amid Competition with TSMC

Samsung to Top Chip Capital Expenditures in 2021 amid Competition with TSMC

SEOUL, March 17 (Korea Bizwire) — Samsung Electronics Co. is expected to top the semiconductor capital spending this year, a report showed Wednesday, as it tries to catch up with the leading foundry firm Taiwan Semiconductor Manufacturing Co. (TSMC). The South Korean tech giant, the world’s largest memory chip producer, has not provided guidance for [...]

Monthlong Shutdown of Samsung’s Texas Chip Plant May Cost Big: Analysts

Monthlong Shutdown of Samsung’s Texas Chip Plant May Cost Big: Analysts

SEOUL, March 17 (Korea Bizwire) — Samsung Electronics Co. may suffer around 400 billion won (US$353 million) in production losses due to a monthlong shutdown of its chip plant in the United States, analysts said Wednesday, amid growing concerns that the production halt could also undermine global smartphone production. Samsung’s plant in Austin, Texas, has [...]

S. Korea to Invest 200 bln Won in Developing Automotive Chip Technology

S. Korea to Invest 200 bln Won in Developing Automotive Chip Technology

SEOUL, March 10 (Korea Bizwire) — South Korea plans to invest more than 200 billion won (US$176 million) in developing automotive chip-making technology by 2022 in an effort to nurture the next-generation vehicle sector, the finance minister said Wednesday. Finance Minister Hong Nam-ki said the government plans to cooperate with local automakers to find ways [...]

Samsung to Suffer Prolonged Shutdown in Texas Chip Plant After Power Outage

Samsung to Suffer Prolonged Shutdown in Texas Chip Plant After Power Outage

SEOUL, March 3 (Korea Bizwire) — Samsung Electronics Co. is likely to suffer a prolonged shutdown of its chip plant in the United States following a power outage, industry insiders said Wednesday, amid growing speculation that it is pushing to expand its semiconductor facility there. Samsung and other chipmakers in Texas are expected to need [...]