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.
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
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.