Samsung Electronics maintains its contract chip manufacturing operations despite losses, plans further investments.

Samsung Electronics, the world's largest memory chipmaker, will not spin off its contract chip manufacturing or logic chip design operations, despite these sectors facing billions in annual losses due to weak demand. Chairman Jay Y. Lee affirmed the company's commitment to these areas. Samsung plans significant investments in contract chip manufacturing, with new plants in South Korea and the U.S., although securing large customer orders remains challenging.

October 07, 2024
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