By ET Bureau - December 26, 2022 1 Mins Read
Despite predictions of an economic slowdown, Samsung Electronics intends to increase chip production capacity at its largest semiconductor plant in 2023, according to a South Korean newspaper.
The action contrasts with rival chipmakers’ reduction in investment due to a decline in demand and an excess of chips. The persistence of Samsung’s investment plans, according to analysts, will probably help it gain market share in memory chips and support its share price when demand picks up. According to the Seoul Economic Daily, which cited unnamed business sources, Samsung intends to increase the size of its P3 factory in Pyeongtaek, South Korea, by adding 12-inch wafer capacity for dynamic random access memory chips.
According to the paper, it will also increase the plant’s capacity for 4-nanometer chips, which will be produced under foundry contracts, that is, in accordance with clients’ designs.
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