Samsung takes aim at TSMC with plans to triple chip foundry market share

Samsung is on track for record profits and is widely expected to pass Intel Corp as the world's top chipmaker by sales in 2017 on the back of a memory market boom. — Reuters

YONGIN, SOUTH KOREA: Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.

The estimated 5.3 trillion won (RM20.34bil) business at Samsung was split off as a separate arm within its semiconductor division in May, in a clear statement that the technology giant was preparing to focus on the business and narrow the big market share gap with leader TSMC.