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Technology

Samsung plans to triple foundry chip production capacity by 2026

Tech giant's Q3 net profit surges 31% amid strong semiconductor demand

South Korea's Samsung Electronics is going big on its foundry chip business amid a global shortage.   © Reuters
KIM JAEWON, Nikkei staff writer | South Korea

SEOUL -- Samsung Electronics said Thursday that it plans to triple its foundry production capacity by 2026 amid a global chip shortage disrupting production in key industries from autos to smartphones as it reported strong third quarter earnings.

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