Samsung Electronics to strengthen automotive semiconductor businesses: Report

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According to the latest report, in order to meet the impact of the sluggish memory chip market on the semiconductor business sector, Samsung Electronics will target the automotive semiconductor field.

The Korean media said in the latest report that some analysts are expected to target Samsung Electronics for automotive semiconductors, and may build an automotive chip factory in Europe, where there are many global car manufacturers.

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Moreover, the sources mentioned in the report that at a recent technology forum attended by customers and partners, Samsung Electronics revealed that they will strengthen their automotive semiconductor business.

Samsung Electronics automotive businessWith the development of electric vehicles and the improvement of automobile intelligence, the demand for semiconductor components is also increasing, and the scale of the automotive semiconductor market is also expanding.

Some research institutions have stated in the report that the size of the global automotive semiconductor market was US$45 billion last year and is expected to increase to US$74 billion in 2026 and more than US$100 billion in 2030.

Furthermore, Samsung Electronics, which is vigorously developing its foundry business, may build a fab in Europe, and analysts expect it to be a fab.

The sources also said in the report that Samsung Electronics, which focuses on investing in advanced process technologies of 7nm and below, also plans to invest in mature process technologies on a large scale for the production of automotive semiconductors and image sensors.


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