Market Chatter: Samsung Electronics Forecasts Fourfold Rise in Foundry Customers by 2029

MT Newswires Live

Sep 29

Samsung Electronics (KRX:005930) expects its foundry customers to increase by about four times by 2029 compared to 2017, The Korea Times reported Tuesday, citing Noh Mi-jung, the technology giant's senior vice president.

The foundry business' client base has grown about threefold since its formation as an independent division in 2017, the report said, citing Noh's remarks during Korea Premium Week 2026.

A diversification plan for the company's foundry segment should increase the share of high-performance computing in the whole business to 66% by 2029 from 5% in 2017, the report said.

The company looks to begin construction of a second fab at its Texas semiconductor complex within 2026 and plans to start operations at its first fab by the end of the year, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CUBI","symbol_name":"Customers Bancorp Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2671295103","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2671295103","pubTimestamp":1790662564,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}