In a bid to increase its market share in the rapidly growing semiconductor industry, Samsung has decided to separate its foundry unit and form a brand new business. The separation of the foundry business into a new unit is being seen as an attempt to ensure that it receives the funds and attention it needs to grow in face of tough competition from peers.
The company also said that it will be introducing new production techniques that are not being used by its competitors and said, that a brand new plant will be up and running by the year end.
Speaking about the need to create a separate business unit, Kelvin Low, a senior director of foundry marketing said:
As part of our commitment to play seriously in the foundry area we felt that it was best that we create an independent organization. That will result in less conflict of interest — although that’s not really an issue these days — it’s still a perception in some customers’ minds.
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