Samsung sales drop in Q1 foundry market on US plant suspension

Seoul: Samsung Electronics maintained the second spot in the foundry market in the first quarter of the year, but its share fell slightly due to the temporary shutdown of its chip plant in the US, a report showed on Monday.

Samsung’s foundry business logged a market share of 17 percent in the January-March period, down from 18 percent a quarter earlier, after its revenue dropped 2 percent to $4.108 billion, according to the latest report from industry tracker TrendForce.