Samsung Electronics is well known brand for its world class chips. Now it is targeting to beat the record of Taiwan Semiconductor Manufacturing Co. by 2022.
It has decided to invest $116 billion in its next-gen chip manufacturing business so that it can catch up and possibly overtake TSMC. According to Bloomberg, a senior company executive told attendees at an invite-only event last month that Samsung will start to mass product 3nm chips in 2022. This is the first time that Samsung has revealed its 3nm mass production target.
If Samsung succeeds, that will be a breakthrough for its ambition to become the chipmaker of choice for the likes of Apple Inc. and Advanced Micro Devices Inc. that now rely on foundries like TSMC. The business isn’t new to Samsung, which was the first manufacturer of Apple’s A-series iPhone processors, but the company’s renewed push is now shepherded by billionaire heir Jay Y. Lee, who wants to see it establish tech leadership across advanced sectors like chipmaking and 5G networking to power its next phase of growth. Park’s comments suggest Samsung is accelerating its bid to compete with iPhone-chipmaker TSMC, one of the biggest beneficiaries of this year’s wave of stay-at-home demand for personal electronics.
“To actively respond to market trends and lower the design barrier for competitive systems-on-chip development, we’ll keep innovating our cutting-edge process portfolio, while strengthening Samsung’s foundry ecosystem through close collaboration with partners,” Samsung’s Park told attendees, according to people at the event.