While South Korean tech giant Samsung was known for its smartphones and other consumer electronics products, it was also one of the world’s leading companies in memory chips and more. The allegations, which emerged last week, concern part of the company’s semiconductor division, which offers advanced process technologies for designers who do not have their own facilities. He will take over Foundry by offering it to the public. It was suggested. There were also rumors that a similar move could be made in the company’s logic chip business.

While accusations that these two divisions, which cause billions of dollars in losses, may be disconnected continue, a statement came directly from the head of Samsung. Chairman of the Council Jay Y Leestated that they had no such plans.

There are no plans to break up

Speaking to Reuters, Lee said it is neither Foundry nor logic plans to spin off its chip division is not there he declared. While they state that they are very keen to expand these two departments, They are not interested in a divorce he declared.

The 2019 statements said Samsung Foundry, the world’s second-largest company after TSMC, would surpass the Taiwanese tech giant by 2030. In this context, billions of dollars were spent to open factories in South Korea and the US.

Despite all the investments, the company was not instructed to use this extra capacity made a loss. TSMC’s 61% market share, Samsung Foundry has a 14% share Let us point out that this is the case. So there is still a difference as big as a mountain. The fact that Samsung is losing billions of dollars in chip space due to low demand shows that its goal of surpassing TSMC by 2030 is not very realistic. The two departments in question lost $2.4 billion last year. Analysts estimate the loss will be about $1.54 billion this year.