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Key FactsSamsung Postpones Delivery of Chip Equipment
Oct 18, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: rappler.com
  • Samsung Electronics has delayed the delivery of ASML chipmaking equipment for its new Texas factory due to a lack of major customers.

  • This setback impacts the $17 billion Taylor project, which aims to expand Samsung's presence in contract chip manufacturing.

  • Analysts warn of potential further delays and asset write-offs as Samsung struggles to regain market share against TSMC.

  • Samsung's share in contract manufacturing has dropped by 8 percentage points in five years, while TSMC has increased its share to over 61%.
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