Samsung's foundry business has emerged as a bright spot

Despite facing a substantial decline in operating profit of 96 percent compared to the previous year, Samsung's foundry business has emerged as a bright spot. While the company had to curtail memory chip production due to financial challenges, its foundry division has thrived, amassing $20 billion in revenue. This success comes only five years after Samsung established its foundry business. Last year, the foundry segment contributed around $7.2 billion in chip sales, a remarkable achievement considering its processes are considered less advanced than those of its competitor TSMC. As Samsung gears up to increase the production of cutting-edge wafers, it appears poised to directly challenge TSMC and vie for a larger market share. The competition between these two foundries is anticipated to intensify as they both strive to pioneer next-generation technology across various applications.