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Semiconductors

Samsung to maximize foundry capacity amid global chip shortage

Strong sales of smartphones and other devices boost Q1 results amid pandemic

SEOUL -- Samsung Electronics said on Thursday that it will maximize its foundry production capacity to cope with soaring demand for chips, as global automakers and other manufacturers struggle to secure enough semiconductors for their products.

The world's second-largest foundry company said that its second production line in Pyeongtaek, south of Seoul, will start mass production in the second half of this year to handle rising demand for chips designed by fabless customers, in which companies outsource production.

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