Focus shift, Samsung may build new car chip factory in Europe

According to South Korean media BusinessKorea, Samsung has viewed automotive chips as a breakthrough to overcome the continued downturn in the memory chip market, and shared its efforts to strengthen the company's automotive chip business at a recent technology forum for partners and customers at home and abroad, including the United States. will.

Some analysts said Samsung could build a new foundry in Europe, where many of the big global automakers are located.

It is understood that so far, Samsung has been focusing its foundry investment on cutting-edge sub-7nm processes. But he plans to expand investments in mature production lines to make automotive chips and image sensors.

The automotive chip market was worth $45 billion last year but is expected to reach $74 billion by 2026 and more than $110 billion by 2030, according to market researcher IHS Markit. In the sluggish memory market, Samsung has shifted its development focus to the automotive chip market in order to gain a share of the market with huge potential in the future.