Samsung aims to expand chip production

Samsung Electronics is reportedly planning to expand its semiconductor production at its P3 factory in Pyeongtaek, South Korea, which is the company’s largest chip manufacturing facility.

This move contrasts with the reduction in investment by rival chipmakers, global economic slowdowns and declining demand, reports SamMobile.

According to experts in the industry, the tech giant is considering the expansion of its chip production in order to outperform its competitors and support the share price of the company once the market recovers.