Samsung to triple microchip production by 2027

October 04, 2022 | 23:37 |10893

Multinational Samsung Electronics has announced plans to triple its microchip manufacturing capacity by 2027 to meet growing demand despite the current global economic turmoil.

The South Korean company's second-largest plant in the world after Taiwan Semiconductor Manufacturing Co. intends to begin production of 2 nanometer microchips by 2025 and 1.4 nanometer chips by 2027 for high-performance computing and work with artificial intelligence.

Samsung Co-CEO Kyung Kye-hyun noted that demand for advanced chips of 5 nanometers and above is growing rapidly despite current inflationary pressures due to the long-term outlook for high performance computing and artificial intelligence, 5G and 6G connectivity, and automation applications.

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