Samsung to Expand Its Chip Manufacturing Business in an Effort to Catch Up With Leader TSMC

Samsung Electronics on Wednesday laid out its road map to expand its chip manufacturing business, including leading-edge semiconductors, as it looks to catch up with leader Taiwan Semiconductor Manufacturing Co.

Perhaps best known for its smartphones, the South Korean technology company has a huge semiconductor business that is its main profit driver. It makes memory chips that go into data centers and laptops.

But Samsung also has a chip manufacturing business known as a foundry, which produces semiconductors for other companies that design chips, such as Qualcomm

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