Samsung Wants to Triple Its Foundry Market Share

Samsung Wants to Triple Its Foundry Market Share

Samsung (NASDAQOTH: SSNLF), one of the few major logic chip manufacturers left that is still pursuing leading-edge chip manufacturing technology development, reportedly told Reuters that it "plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients."

Reuters points out that Samsung "lags well behind Taiwan's TSMC (NYSE: TSM) in contract manufacturing" and cites data from IHS showing that TSMC's foundry market share was 50.6% in 2016 while Samsung's was just 7.9%.

Image source: Qualcomm.

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Source: Fool.com