Samsung chip biz rebounds with foundry orders from Apple, Tesla

Samsung Electronics’ foundry business is showing signs of a quick recovery from its protracted losses, as it added Apple to its list of foundry clients on Thursday after signing a sizeable chip supply deal with Tesla last week. The back-to-back deals have eased market concerns over the sluggish utilization rates at Samsung’s semiconductor plants in Texas. With volume production of the newly ordered chips set to begin next year, Samsung’s foundry competitiveness is expected to strengthen further, helping the tech giant recover from a slowdown in profitability. Upon announcing its $600 billion investment plan into the United States, Apple said in a press release Thursday that Samsung will supply chips from its production plant in Austin, Texas, for Apple products, including iPhones. “Apple is also working with Samsung at its fab in Austin, Texas, to launch an innovative new technology for making chips, which has never been used before anywhere in the world,” the release read. “This facility will supply chips that optimize power and performance of Apple products, including iPhoWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times