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'Samsung set to win over TSMC in the end'

www.koreatimes.co.kr, Oct. 19, 2020 – 

Samsung Electronics is intensively investing in the expansion of its foundry business in efforts to catch up to Taiwanese semiconductor company TSMC, which continues to dominate the contract-based chip-making business.

With an aim to generate a new source of profit from the business, the Korean tech giant clarified last year that it would become a leader in the foundry business by 2030, edging out the Taiwanese company.

Jim Handy, a U.S.-based analyst working for Objective Analysis, said Samsung's ambitious goal seems quite distant at this moment, but the conglomerate will be able to achieve the goal even considering the enormous amount of time and money investments required.

Calling Samsung Electronics a "slow-moving steamroller," the analyst said Samsung will be able to push forward to achieve its goal in the same way the company has done for years in other business areas.

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