Samsung's Rise to Second Largest Advanced Chipmaker Revealed

Samsung, the world's second-biggest maker of chips, is doubling down on its foundry business, the side that makes custom chips for massive customers like Qualcomm, Tesla, Intel, and Sony, as well as thousands of smaller players. Samsung is building a $17 billion chip fabrication plant in Taylor, Texas, where it's promised to start the first U.S. production of advanced chips next year. Samsung is also adding capacity in its home country of South Korea, spending $228 billion on a mega cluster of five new fabs that are scheduled to come online by 2042. Samsung is pursuing a goal to triple capacity of leading-edge manufacturing, and to make industry-leading 2-nanometer chips by 2025 and get them down to 1.4-nanometer by 2027.