The translation of the heading is: "Samsung does not plan to sell unprofitable chip business units.

  • Investments and construction plans continue despite delays.
  • Samsung remains committed to its chip business sectors despite losses.

Eulerpool News·

Samsung Electronics remains committed to its loss-making business sectors and does not plan to sell its contract chip manufacturing or logic chip design sector. This was confirmed by Jay Y. Lee, the company's chairman, to Reuters. Despite weak demand and associated billions in losses, Lee sees potential for growth and intends to stick to the plans. Since the announcement in 2019 to become the world's largest contract chip manufacturer by 2030, surpassing Taiwan's TSMC, Samsung has been investing substantial sums. New factories have been built in both South Korea and the United States. Nevertheless, success has so far been elusive, as Samsung struggles to secure sufficiently large orders to optimally utilize its capacities. The challenges, particularly with the construction of the new chip factory in Taylor, Texas, are significant. Lee stated that the implementation has stalled due to changing conditions and the political situation in the United States. The production schedule has recently been postponed from the end of 2024 to 2026. The current economic challenges are also reflected in the figures: Analysts estimate that Samsung's loss-making business sectors suffered an operating loss of 3.18 trillion won last year and forecast a further loss of 2.08 trillion won for this year.
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